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Wyoming’s Frontier stable token (FRNT) touted as a tool for faster government payments; speakers flag privacy and adoption challenges
Summary
At a Cheyenne Technology Advisory Council fireside chat, panelists described the state-launched Frontier stable token (FRNT) as a potential way to cut payment friction and enable programmable money, while warning of privacy, adoption and regulatory limits.
Panelists at a Cheyenne Technology Advisory Council (CTAC) fireside chat said the state of Wyoming has launched the Frontier stable token, ticker FRNT, and described how the token could speed payments, cut transaction fees and enable “programmable money” for government and private use.
Steve Lupin, a faculty member at the University of Wyoming and director of the Center for Blockchain and Digital Innovation, framed stablecoins as part of a broader class of digital assets and said stablecoins ‘‘are, I think, the most revolutionary today, member of this asset class. We are going to see incredible development in stablecoins, I believe, in the next 6 months to 3 years.’’ He told attendees FRNT could be used for direct state payments to vendors, lottery payouts or other state disbursements to reduce delays and fees.
Why it matters: Panelists said FRNT could remove intermediaries and reduce friction and fees that come with card networks and banking…
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