Wyoming just passed legislation banning state use of CBDCs, and here's the interesting part—they're launching their own alternative. FRNT is a state-backed stablecoin fully reserved in USD, designed to give the state more control over monetary infrastructure without relying on central bank digital currencies.

The governance setup is pretty transparent too. A Wyoming Stable Token Commission oversees operations, and any excess yields generated get redirected to public services like education. That's a different approach from most stablecoin projects.

Front targets both retail and institutional players looking for a regulated, state-supported option. It's part of a broader push by some U.S. states to create alternative financial infrastructure rather than waiting for federal frameworks. Worth watching as this shapes how stablecoins and state policy intersect.