2026-01-12 01:25:47

Wyoming passes HB0264, explicitly banning the use of Central Bank Digital Currencies (CBDC) in the state. Meanwhile, the state has launched the FRNT stablecoin—a stablecoin backed by full USD reserves and endorsed by the state government. The governance committee of the stablecoin operates in a transparent manner, with excess profits flowing into public utilities such as education funds and school construction. This program is open to both retail users and institutional investors, aiming to explore new compliant applications of digital assets at the policy level.

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WhaleWatcher

· 9h ago

Wyoming's recent moves are quite interesting. Rejecting CBDC and developing their own stablecoin seems like a gamble on political sentiment. State government endorsement + full reserve sounds reliable, but I still want to see how it actually works in practice. Still, this approach is indeed innovative. Giving excess profits to the education fund? That's a good line, but I wonder if it will change in the future. Taking a gamble on whether this can truly be compliant and implemented, but honestly, does Wyoming have enough influence? It looks like they're trying to further enhance their crypto-friendly image—smart political maneuvering.

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Blockblind

· 14h ago

Wyoming really knows how to play, banning CBDC and creating its own stablecoin. What is this hinting at?

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GasGasGasBro

· 14h ago

Wyoming's move is really brilliant. Instead of accepting CBDC, they are developing their own stablecoin. This is the approach I like. FRNT is essentially a private currency of the state government, much more flexible than central bank digital currencies. Interesting, and the returns can even support education... In this way, it's definitely much more transparent in governance than some blockchains. But on the other hand, will the federal government come knocking on the door... A stablecoin backed by USD reserves—that's true stability, unlike some air coins.

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SerumSurfer

· 14h ago

Wyoming's move is brilliant—banning CBDC and creating their own stablecoin. Isn't this essentially a way to oppose the federal government indirectly? Does this logic hold? Giving all profits to the education fund—who would believe that... FRNT stablecoin sounds good, but the key is how they will execute it moving forward. Really want to see if other states will follow suit. The US might split into 50 crypto-nations, haha. By the way, if it's fully backed by USD reserves, what's the difference from a stablecoin... just a different name.

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RektCoaster

· 14h ago

Huai Prefecture's recent moves are truly clever—banning CBDC and promoting FRNT, essentially taking sovereignty into their own hands and not letting the central bank control everything. I like this logic. Speaking of the flow of profits towards education funds, it sounds good in theory, but can it really be implemented? Or is it just another empty promise? Everyone is now interested in stablecoins, but the key is how they will be managed moving forward. Hopefully they won't become just a cash machine for certain individuals. Huai Prefecture is really stepping up the game. What do other states think? I didn't expect the state government to directly endorse stablecoins. Does this count as a de facto central bank action? It's a bit ironic.

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LiquidityHunter

· 15h ago

Huai Zhou's recent move is interesting... banning CBDC and promoting their own stablecoin is essentially creating a liquidity gap. Once the FRNT trading pair goes live, we must closely monitor the market and be ready to exploit the price difference.

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