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.

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