Wyoming just became the first U.S. state to launch its own stablecoin, promising lower fees and instant transactions.

The Wyoming Stable Token Commission, created in 2023, announced on Tuesday the launch of the mainnet blockchain network for its new Frontier Stable Token (FRNT). The commission says FRNT will make digital payments faster and more secure for individuals, businesses, and institutions around the world. How that’s different from any other stablecoin’s promises is anyone’s guess.

“For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016,” Governor Mark Gordon said in a press release . “Today, Wyoming reaffirms its commitment to financial innovation and consumer protection.”

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