Comment on Wyoming launches first state-backed stablecoin on seven blockchains
treadful@lemmy.zip 4 days ago
The Frontier Stable Token is overcollateralized by cash and short-term U.S. Treasurys, holding a minimum reserve of 102% to ensure stability at Franklin Advisers.
Wonder how long this will last until we start the fracturing of US currency at the state level again. That’d get pretty turbulent.
pdxfed@lemmy.world 4 days ago
It be turbulent if you were in Wyoming and trying to compete against the stable coin of say…California. wonder which one most investors would choose?