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Wyoming is the first US State to launch its own state-issued crypto stablecoin. The stablecoin, previously known as WYST, will trade under the name Frontier Stable Token, or FRNT. Per a Bloomberg report, the Wyoming Stable Token Commission is working with LayerZero to issue the tokens and plans for the coins to be overcollateralized by 2%. In addition, the reserves backing FRNT are managed by Franklin Advisers, with financial audit and monthly attestations provided by The Network Firm. The stablecoin will be available on the Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana blockchains. JUST IN: Wyoming becomes first US state to launch its own stablecoin. — Watcher.Guru (@WatcherGuru) August 19, 2025 “Today, Wyoming reaffirms its commitment to financial innovation and consumer protection,” Mark Gordon, Wyoming’s governor and chairman of the state’s stable token commission, said in a statement. “The mainnet launch of the Frontier Stable Token will empower our citi...

The U.S. Congress has introduced the GENIUS Act (Guaranteeing Essential Non-bank Issuance of U.S. Stablecoins Act), set to reshape the digital finance space. As stablecoins grow in importance for liquidity, lending, and cross-border payments, this act’s regulations could either drive or hinder DeFi innovation. This article delves into its potential impact. What Is the GENIUS Act? The GENIUS Act is a legislative proposal aimed at creating a federal framework for stablecoin issuance in the United States. Its primary objectives are: Establish regulatory standards for USD-pegged stablecoins. Authorize non-bank entities to issue stablecoins under strict oversight. Ensure 1:1 backing of stablecoins with liquid and transparent reserves. Protect consumers from fraud, mismanagement, or systemic risk. Unlike past attempts at stablecoin regulation, which leaned toward limiting issuance to banks, the GENIUS Act offers a middle ground —allowing private companies and fintech startups to partic...

Citigroup is all set launch Citi stablecoin to enchance tokenized finance, confirmed Citigroup CEO Jane Fraser. Frazer revealed that the group is actively evaluating the project and developing a plan to enter the digital assets sector. “We are looking at the issuance of a Citi stablecoin,” said Fraser during Citigroup’s Q2 2025 earnings call on Tuesday. He also emphasized the importance of tokenized deposits to leverage blockchain technology and improve the infrastructure of global payment systems. Also Read: Apple Signs $500 Million Rare Earth Magnet Deal With MP Materials Citigroup To Launch Citi Stablecoin and Crypto Custody Reserve Management Next Source: CryptoSlate The Citigroup CEO did not mention the timeline for when Citi’s stablecoin could be launched. He only mentioned that the firm is evaluating the project for tokenized deposits. The goal is to adapt digital assets and align with the growing trend of anchoring blockchain technology for financial growth. Apart f...

JPMorgan CEO Jamie Dimon says that the bank will get involved in the stablecoin industry, saying the crypto and fintech industry is getting too big to ignore. While Dimon says he doesn’t get the appeal of stablecoins, he added that the bank also can’t afford to stay on the sidelines. “We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it,” Dimon said during Tuesday’s earnings call. JUST IN: JPMorgan CEO Jamie Dimon says the company will get involved in crypto stablecoins. pic.twitter.com/ePIYy178m9 — Watcher.Guru (@WatcherGuru) July 15, 2025 Jamie Dimon Confirms JPMorgan’s Venture into Crypto, Stablecoins Last month, JPMorgan Chase filed a trademark for its own JPMD stablecoin . Over the past year, the firm has begun changing its tune on cryptocurrency, offering its bank clients access to purchasing Bitcoin. CEO Dimon has been publicly against the crypto industry for a long time, in tur...

Ukraine’s Bitcoin reserve plans are gaining quite a bit of momentum as the country is actively exploring the creation of a national strategic Bitcoin reserve in partnership with Binance, which is currently one of the world’s largest crypto exchanges. This innovative initiative could make Ukraine among the first nations to officially hold Bitcoin as a state asset, something that many experts are watching closely. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons Ukraine’s Strategic Bitcoin Reserve Plan Strengthens Crypto Security Source: Watcher Guru Ukraine’s Bitcoin reserve is an advance in the progress of the country in terms of cryptocurrency utilisation. When writing this, a Ukrainian parliament member Yaroslav Zhelezniak has already confirmed that preparation of draft law by government officials for this initiative is ongoing. Legislative Framework Development Ukrainian lawmakers actively develop a comprehensive legal f...