【Blockchain Rhythm】The stablecoin market welcomes a new player. The Frontier Stable Token (abbreviated as FRNT), launched by the Wyoming Stablecoin Committee, was opened to users on exchanges on January 8.
This new stablecoin is currently mainly operating within the Solana ecosystem, but not limited to it. Through Stargate Finance’s cross-chain solution, FRNT can seamlessly transfer to multiple public chains such as Arbitrum, Avalanche, and Base, offering good flexibility.
From the issuer’s perspective, the Wyoming Stablecoin Committee is supported by local crypto policies, adding a touch of compliance to FRNT. The participation of exchanges further enhances liquidity, and user experience should not be significantly affected.
From a market perspective, the variety of stablecoins is becoming increasingly diverse, but few projects truly gain traction. Whether FRNT can break through depends on its actual application within the ecosystem and user stickiness. Multi-chain deployment is a plus, at least reducing cross-chain costs for users.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
RebaseVictim
· 01-08 00:00
Another stablecoin? Is Wyoming this competitive?
View OriginalReply0
BearMarketBuilder
· 01-08 00:00
Another stablecoin... Will it have to rely on Wyoming's endorsement to survive this time?
View OriginalReply0
WalletDivorcer
· 01-07 23:59
Another stablecoin is coming, this time backed by Huai Zhou policy endorsement. It sounds pretty good, but I'm just worried it might be a fleeting moment.
View OriginalReply0
SchrodingerWallet
· 01-07 23:58
Another stablecoin? The Solana ecosystem is really thriving, but it's hard to say how long this thing can last.
View OriginalReply0
rekt_but_resilient
· 01-07 23:52
Another stablecoin, another game of overcollateralization?
Wyoming stablecoin FRNT officially launched and is now available for trading on Solana
【Blockchain Rhythm】The stablecoin market welcomes a new player. The Frontier Stable Token (abbreviated as FRNT), launched by the Wyoming Stablecoin Committee, was opened to users on exchanges on January 8.
This new stablecoin is currently mainly operating within the Solana ecosystem, but not limited to it. Through Stargate Finance’s cross-chain solution, FRNT can seamlessly transfer to multiple public chains such as Arbitrum, Avalanche, and Base, offering good flexibility.
From the issuer’s perspective, the Wyoming Stablecoin Committee is supported by local crypto policies, adding a touch of compliance to FRNT. The participation of exchanges further enhances liquidity, and user experience should not be significantly affected.
From a market perspective, the variety of stablecoins is becoming increasingly diverse, but few projects truly gain traction. Whether FRNT can break through depends on its actual application within the ecosystem and user stickiness. Multi-chain deployment is a plus, at least reducing cross-chain costs for users.