Wyoming Launches First State-Backed FRNT Stablecoin on Solana
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Stablecoin Innovation: Wyoming has launched the first state-backed FRNT stablecoin on the Solana blockchain, aimed at enhancing the legitimacy and adoption of digital currencies within the state, thereby fostering the growth of local fintech.
- Market Reaction: The U.S. spot XRP ETFs recorded their first net outflows since debuting, totaling $40.8 million, indicating a decline in market confidence that could affect future investment attractiveness.
- Bank Charter Application: World Liberty Financial has applied for a U.S. bank charter to fully onshore its $1 stablecoin operations, which is expected to enhance its compliance and competitive edge in the market.
- Team Restructuring: The entire team at Electric Coin Company has resigned to form a new firm amid a board clash, a significant change that may impact future project developments and market positioning.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







