Wyoming launches FRNT stablecoin multi-chain test on seven blockchains including Ethereum

Jinse Finance reported that the state of Wyoming in the United States has launched a large-scale blockchain test involving 700,000 "Frontier" (code: FRNT) stablecoins, deploying 100,000 of these tokens on each of seven major blockchains. Data provided by Dune Analytics researcher Marcov confirmed that the deployment was completed on October 20, covering blockchains including Ethereum, Solana, Avalanche C-Chain, Arbitrum, Optimism, Base, and Polygon. This deployment marks Wyoming’s first major on-chain activity since the issuance of the FRNT stablecoin on the mainnet in August this year. Through this project, Wyoming has become the first state in the United States to issue a government-backed stablecoin.