News list for "wyoming"
The Wyoming Stablecoin Board has released a testnet "faucet" for the stablecoin Frontier Stable Token (FRNT). Anyone with a digital wallet can now connect to their website and choose one of eight testnets. After that, up to 1,000 "tFRNT" tokens can be applied to its public address every 24 hours. The tFRNT is not backed by any reserves; it is just a token on the testnet (i.e. development) blockchain, designed to "simulate smart contracts deployed on the seven mainnet blockchains it supports". Th...
The US state of Wyoming has launched a large-scale blockchain test involving 700,000 "Frontier" (code FRNT) stablecoins, deploying 100,000 tokens on each of seven major blockchains. Data provided by Marcov, a researcher at blockchain data analytics platform Dune Analytics, confirmed that the deployment was completed on October 20, and the blockchains covered include Ethereum, Solana, Avalanche C-Chain, Arbitrum, Opti...
The Uniswap community is voting on an important proposal to establish a new legal entity in Wyoming to support off-chain operations. "The new legal entity, called'DUNI ', will be dedicated to preserving Uniswap's decentralized governance structure while enabling interaction with the off-chain world," the proposal reads. According to the proposal, off-chain participation includes activities such as entering into contracts, hiring service providers, and fulfilling regulatory and tax obligations. T...
Federal Reserve Governor Paul Waller will speak at the Wyoming Blockchain Symposium in ten minutes.
On August 20, according to 4E Watch, Federal Reserve Governor Bowman said that Federal Reserve employees should be allowed to hold a small amount of cryptocurrency, which will help understand digital asset products, and excessive restrictions may hinder the recruitment and retention of professionals. She also called on the industry to strengthen communication with regulators and promote the application of blockchain in areas such as fraud prevention. U.S. Treasury Secretary Bessent said that the...
FOX Business reporter Eleanor Terrett said that Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first state in the United States to issue its own stablecoin. FRNT is backed by U.S. dollars and short-term Treasury bonds and is currently available on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. However, the token is not yet available to the public due to regulatory hurdles.
The Uniswap Foundation is proposing to establish a new legal entity called "DUNI" for its governing organization under the framework of Wyoming's "Decentralized Non-Registered Nonprofit Association (DUNA) " to preserve the existing governance structure and meet compliance, tax and contract signing needs. The plan is to allocate $16.50 million worth of UNI to the entity to settle historical taxes and penalties expected to be less than $10 million, and to establish a legal defense budget. The foun...
The Wyoming Stable Token Council has announced a partnership with data analytics company Inca Digital to advance the launch of the Wyoming Stable Token (WYST). Scheduled to be officially launched in July 2025, the stablecoin will be the first state-issued stablecoin backed by fiat currency, pegged 1:1 to the U.S. dollar, with collateral assets including U.S. Treasury bonds, cash, and repurchase agreements.
On April 18, the Wyoming Stablecoin Commission, the authority authorizing the issuance of stablecoins in the US state of Wyoming, said it was considering adjusting the wording of its policy to better comply with possible regulatory guidance from the Securities Exchange Commission (SEC). On April 17, at the Wyoming State Capitol Extension...
