Wyoming is the first US State to launch its own state-issued crypto stablecoin. The stablecoin, previously known as WYST, will trade under the name Frontier Stable Token, or FRNT. Per…
The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin.The FRNT stablecoin is…
In brief
Wyoming’s Frontier Stable Token debuted on seven networks, including Ethereum, Solana, and Avalanche.
The token could offer a yield in the future, while funding local education.
It could theoretically be issued…
The US Treasury Department has issued a call for comments related to the passage of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law by…
The U.S. Treasury Department is seeking new ideas for detecting and cutting off illicit crypto activity as it begins to put the new stablecoin law into effect.The Guiding and Establishing…
South Korea is reportedly preparing to introduce a regulatory framework for a won-backed stablecoin, with its financial regulator set to introduce a government bill in October.On Monday, South Korean news…
A Hong Kong Securities and Futures Commission (SFC) official warned that the introduction of the new local stablecoin regulatory framework has increased the risk of fraud.According to an Aug. 18…
In brief
Japan’s FSA is expected to approve JPYC's yen-backed stablecoin, making it the first regulated one in the country.
Circle’s USDC entered the Japanese market earlier this year in partnership with…
In brief
On- and off-ramp companies are attractive M&A targets, according to VanEck Ventures' Juan Lopez.
They are increasingly being viewed as valuable touch points for facilitating payments through stablecoins, he said.
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