These Could be the Next Crypto to Explode as Wyoming Launches Its FRNT Stable...
Wyoming became the first US state to launch its own stablecoin with Frontier ($FRNT). The move can have a dramatic impact on how government entities disburse payments and increase the adoption of digital currencies in general. With greater crypto adoption could also come increased interest in other digital assets. These include Bitcoin Hyper ($HYPER) and […]
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Shortly after President Donald Trump signed the GENIUS Act into law, providing a new regulatory framework for dollar-pegged cryptocurrencies, Wyoming officially introduced the Frontier Stable Token (FRNT), becoming the first US state to issue its own blockchain-based stablecoin. The Wyoming Stable Token Commission announced the initiative on Tuesday, aiming to provide users of the new […]
Charles Hoskinson, the founder of Cardano, has publicly criticized the Wyoming Stable Token Commission’s recent blockchain network selections for the state’s upcoming stablecoin, the Wyoming Stable Token (WST). In a livestream titled “XRP and Wyoming” broadcasted on November 25, 2024, Hoskinson questioned the commission’s opaque selection process and raised concerns about potential conflicts of interest. […]
Stablecoins are another piece in the puzzle, like DAOs or digital identity. “And if we don’t have it just right at first, we’ll fix it.” For a state with a small-town feel, Wyoming moves with big-city alacrity when it comes to things crypto. According to the bipartisan bill introduced into its legislature last week, a Wyoming stablecoin could debut before the end of 2022. The announcement caught even Wyoming banker and cryptocurrency champion Caitlin Long by surprise. “Didn't know it was coming,” tweeted the Avanti Bank CEO.It also raises some questions: Is a stablecoin really needed by....
After rumors of Coinbase not working for users located in Wyoming, Coinbase has since come out with an announcement that they will be indefinetly suspending service to users in Wyoming. This comes from an issue with The Wyoming Division of Banking in which recently communicated regulatory policy causes uncertainty for the legality of digital currency operations. Coinbase, in their post stated: “Although we strive to provide continuous access to Coinbase services, Coinbase is indefinitely suspending its business in Wyoming. The Wyoming Division of Banking has recently communicated....
Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.