Acum 18 h
Wyoming's FRNT stablecoin launches on January 7 as first US state-backed digital dollar
Wyoming has introduced the Frontier Stable Token (FRNT), described as the first stablecoin issued and backed by a US state government. The dollar-pegged token, which went live on January 7 and initially trades on Kraken via Solana, is fully collateralized by cash, cash equivalents, and short-term US Treasuries managed by Franklin Templeton. Interest from the reserves is directed to Wyoming public schools instead of FRNT holders, and state officials are testing its use for government payments amid ongoing federal regulatory uncertainty.
Selectat
Acum 18 h
Acum 20 h
World Liberty Financial Seeks US National Trust Bank Charter to Issue USD1 Stablecoin
World Liberty Financial has applied for a US national trust bank charter so that World Liberty Trust can issue and custody its dollar-backed stablecoin USD1 under federal oversight. If the Office of the Comptroller of the Currency approves the de novo application, USD1, which has reached about $3.4B in market value, would be managed within a bank-style regulatory framework while targeting institutional users.
USD1
USD1+0.00%
Acum 20 h
Acum 23 h
Fireblocks acquires crypto accounting firm TRES for $130 million to boost compliance tools
Digital asset infrastructure provider Fireblocks has acquired crypto accounting and tax compliance platform TRES for $130 million to enhance its institutional product suite. The deal is aimed at helping clients manage audit-ready, tax-compliant records as stablecoin settlements reach hundreds of billions of dollars each month and more enterprises move treasury flows on-chain. TRES will continue operating as a standalone product while its infrastructure is integrated into Fireblocks' stack.
Acum 23 h