Wyoming officially launches FRNT—the first stablecoin in U.S. history backed by state government endorsement. This is not a gimmick project, but fully backed by real fiat currency reserves, built on Solana, with native support for cross-chain interactions.



The most attractive part is the transfer cost: only $0.01 in fees. Compared to the traditional credit card fees, this is a significant reduction. The state government is using it for educational funding, with a clear goal—reduce costs and ease the burden on taxpayers.

But this is just the beginning. The officials have explicitly stated that by 2026, the application scope of FRNT will be further expanded to involve more state agencies. In other words, if this model works, other states might follow suit. Stablecoins are gradually evolving from speculative tools into government-level payment infrastructure—this is the true significance of Web3.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
SignatureAnxietyvip
· 01-11 01:57
0.01 USD fee? Now traditional banks are getting nervous, haha --- Wait, running stablecoins on the Solana chain, this technical choice is quite interesting --- Government-backed stablecoins, it feels like the real payment revolution is not far off --- Taxpayers finally have benefits, reducing costs really hits the pain point --- The probability of other states following suit in 2026 is quite high, is this the start of internal competition? --- Good point about dimensionality reduction, traditional payments really need to change this time --- Fully backed by fiat currency, this is what a stablecoin should look like --- Multi-chain interaction + government endorsement, this combination is quite powerful --- $0.01 USD, that’s the fee on one of my credit card transactions, the difference is huge --- This is what Web3 should be doing, not just hype, but with practical use cases
View OriginalReply0
BlockchainBouncervip
· 01-08 04:01
$0.01 fee? That's exactly what I want to see, way better than those chains that cost a few dollars all the time.
View OriginalReply0
CryptoSourGrapevip
· 01-08 04:00
Damn... I should have gone all in on Solana earlier. Now seeing the government using this underlying infrastructure, I’m still hesitating over which altcoin to choose.
View OriginalReply0
MysteryBoxAddictvip
· 01-08 03:52
Finally seeing a real major event, not those pump-and-dump scams. A $0.01 fee directly kills traditional payments...
View OriginalReply0
TokenomicsDetectivevip
· 01-08 03:48
$0.01 fee? Now that's the killer feature, cheaper than those L2 solutions.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)