Wyoming has formally entered the digital asset market by issuing the first stablecoin created and backed by a US state government.

The launch places a publicly managed dollar-pegged token directly onto open crypto networks, marking a shift from privately issued stablecoins that currently dominate the market.

Known as the Frontier Stable Token (FRNT), the project reflects years of legal and technical groundwork and positions Wyoming as a testing ground for how blockchain-based money could function inside public finance systems.

The token’s debut also arrives as US regulators continue to debate how digital dollars should be governed, leaving states to explore their own approaches within existing frameworks.

How the token enters crypto markets

The Frontier Stable Token went live on January 7, according to an announcement carried by Wyoming Public Media and confirmed by the state’s Stable Token Commission.

Trading is initially available on Kraken, a Wyoming-based cryptocurrency exchange, with issuance beginning on the Solana blockchain.

While Solana is the first network used, the token has been designed for broader reach.

Through Stargate, the stablecoin can move to Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana.

This multi-chain structure allows the token to circulate beyond a single ecosystem, increasing its potential use across decentralised finance applications and payment rails without being locked into one network.

Backing structure and reserve controls

Wyoming has allocated $6 million to the project so far, with further funding still under discussion as public trading begins.

The reserves backing the token are held in a Wyoming-chartered trust and managed by Franklin Templeton.

Those reserves are reported to be fully backed, consisting of US dollars, cash equivalents, and short-term US Treasury securities.

Rather than being distributed to token holders, interest generated from the reserve assets is directed to Wyoming public schools.

Why holders receive no yield

At launch, the stablecoin does not offer yield to users who hold it.

State officials have linked this decision to regulatory uncertainty in the US surrounding interest-bearing digital assets.

By avoiding yield payments, Wyoming aims to reduce legal risk while federal rules remain unsettled.

Officials have indicated that the structure could be revisited in the future if clearer guidance emerges at the national level. Any changes would depend on how regulators define the boundaries between stablecoins, securities, and banking products.

Testing payments inside government systems

Beyond acting as a digital dollar, the stablecoin is also being explored as a payment tool for government services.

Wyoming officials have highlighted the cost of card processing fees, which can significantly reduce net revenue for local administrations.

In counties with high transaction volumes and fixed margins, these fees are seen as a growing strain.

By settling payments on-chain, the state is examining whether digital tokens could lower costs and speed up settlement while keeping more value within public systems.

The public launch follows several delays over the past year, although no technical or liquidity issues have been reported so far.

Early trading volumes remain modest, which is typical for a newly issued stablecoin, particularly one issued by a government.

The Wyoming Stable Token Commission is scheduled to meet on January 15 to review early performance and discuss next steps as the experiment moves forward.

The post Wyoming launches state-backed stablecoin as public finance experiment appeared first on CoinJournal.

Wyoming launches state-backed stablecoin as public finance experiment

Source: https://coinjournal.net/news/wyoming-launches-state-backed-stablecoin-as-public-finance-experiment/

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Avantis (AVNT), a fast-rising token on the Base network, has taken the cryptocurrency market by storm after soaring nearly 80% in a single day.

The price jumped to $1.54, setting a new all-time high and extending its remarkable rally that has seen the token surge more than 200% in just a week.

The sharp increase comes on the back of multiple major exchange listings, which have propelled the token into the spotlight and drawn significant global attention.

Listings drive strong demand

Avantis’ bullish momentum began when Coinbase, Bybit, and several other global exchanges added support for AVNT.

Hours later, South Korea’s largest trading platforms, Upbit and Bithumb, followed suit, sending demand into overdrive.

The announcement of AVNT’s listing on Upbit and Bithumb proved to be the most powerful catalyst for its latest rally.

Upbit, which dominates South Korea’s crypto trading scene, confirmed that it would support AVNT against the Korean won, Bitcoin, and Tether.

Deposits and withdrawals are only supported through the Base network, ensuring a streamlined but secure process for traders.

Bithumb mirrored the move by listing the token in a KRW trading pair, with both platforms going live at 13:30 KST on September 15.

Binance also joined the action, rolling out spot trading for AVNT against USDT, USDC, and the Turkish lira.

The exchange added the token to its Alpha platform before transitioning it to the main spot market, applying a seed tag to mark its early stage.

Binance further expanded support by enabling AVNT purchases through its “One-Click Buy” service, instant swaps with zero fees, and margin trading options that allow traders to borrow AVNT or use it as collateral.

These listings significantly boosted liquidity and improved access for retail and institutional investors alike.

Within hours of the recordings, the Avantis cryptocurrency has recorded massive spikes in trading activity and market capitalisation, cementing its position as one of the hottest new listings in 2025.

Rapid growth in Avantis trading activity

The flood of new listings coincided with a sharp increase in trading activity.

AVNT’s daily volume surged more than 37% to hit $1.469 billion, with Coinbase leading the charge in global market share.

The surge in demand also spilt over into the derivatives market, where open interest in AVNT futures has soared past $192 million for the first time.

Binance, Bybit, and KuCoin all recorded futures growth of nearly 100% or more, showing a strong appetite for leveraged exposure.

Such activity highlights the growing confidence in Avantis as more traders position themselves ahead of further potential gains.

The expanded liquidity across exchanges has also reduced barriers to entry, making it easier for investors worldwide to access the token.

This combination of spot and futures momentum has reinforced the perception of AVNT as one of the year’s breakout digital assets.

Avantis price outlook

The rapid climb of AVNT underscores how quickly sentiment can change in the cryptocurrency space when strong fundamentals meet the right catalysts.

From an all-time low of $0.1878 on September 9 to a record $1.54 less than a week later, the token has demonstrated remarkable volatility and potential.

With a market capitalisation of $349 million and a fully diluted valuation exceeding $1.4 billion, Avantis has already cemented its place among the year’s most talked-about launches.

However, the challenge now is sustaining momentum beyond the initial wave of listings.

As Binance warned in its announcement, newly listed tokens often display extreme volatility, and risk management will be crucial for traders navigating the market.

If the bullish momentum is maintained, then the Avantis (AVNT) price could easily rise above $2 by the end of this week.

But on the flip side, if profit-taking kicks in, the token could drop to its low of $0.1878 as quickly as it climbed high.

The post Avantis (AVNT) price jumps 79%, sets new ATH, following multiple exchange listings appeared first on CoinJournal.

Avantis (AVNT) price jumps 79%, sets new ATH, following multiple exchange listings

Source: https://coinjournal.net/news/avantis-avnt-price-jumps-79-sets-new-ath-following-multiple-exchange-listings/

Avantis (AVNT), a fast-rising token on the Base network, has taken the cryptocurrency market by storm after soaring nearly 80% in a single day.

The price jumped to $1.54, setting a new all-time high and extending its remarkable rally that has seen the token surge more than 200% in just a week.

The sharp increase comes on the back of multiple major exchange listings, which have propelled the token into the spotlight and drawn significant global attention.

Listings drive strong demand

Avantis’ bullish momentum began when Coinbase, Bybit, and several other global exchanges added support for AVNT.

Hours later, South Korea’s largest trading platforms, Upbit and Bithumb, followed suit, sending demand into overdrive.

The announcement of AVNT’s listing on Upbit and Bithumb proved to be the most powerful catalyst for its latest rally.

Upbit, which dominates South Korea’s crypto trading scene, confirmed that it would support AVNT against the Korean won, Bitcoin, and Tether.

Deposits and withdrawals are only supported through the Base network, ensuring a streamlined but secure process for traders.

Bithumb mirrored the move by listing the token in a KRW trading pair, with both platforms going live at 13:30 KST on September 15.

Binance also joined the action, rolling out spot trading for AVNT against USDT, USDC, and the Turkish lira.

The exchange added the token to its Alpha platform before transitioning it to the main spot market, applying a seed tag to mark its early stage.

Binance further expanded support by enabling AVNT purchases through its “One-Click Buy” service, instant swaps with zero fees, and margin trading options that allow traders to borrow AVNT or use it as collateral.

These listings significantly boosted liquidity and improved access for retail and institutional investors alike.

Within hours of the recordings, the Avantis cryptocurrency has recorded massive spikes in trading activity and market capitalisation, cementing its position as one of the hottest new listings in 2025.

Rapid growth in Avantis trading activity

The flood of new listings coincided with a sharp increase in trading activity.

AVNT’s daily volume surged more than 37% to hit $1.469 billion, with Coinbase leading the charge in global market share.

The surge in demand also spilt over into the derivatives market, where open interest in AVNT futures has soared past $192 million for the first time.

Binance, Bybit, and KuCoin all recorded futures growth of nearly 100% or more, showing a strong appetite for leveraged exposure.

Such activity highlights the growing confidence in Avantis as more traders position themselves ahead of further potential gains.

The expanded liquidity across exchanges has also reduced barriers to entry, making it easier for investors worldwide to access the token.

This combination of spot and futures momentum has reinforced the perception of AVNT as one of the year’s breakout digital assets.

Avantis price outlook

The rapid climb of AVNT underscores how quickly sentiment can change in the cryptocurrency space when strong fundamentals meet the right catalysts.

From an all-time low of $0.1878 on September 9 to a record $1.54 less than a week later, the token has demonstrated remarkable volatility and potential.

With a market capitalisation of $349 million and a fully diluted valuation exceeding $1.4 billion, Avantis has already cemented its place among the year’s most talked-about launches.

However, the challenge now is sustaining momentum beyond the initial wave of listings.

As Binance warned in its announcement, newly listed tokens often display extreme volatility, and risk management will be crucial for traders navigating the market.

If the bullish momentum is maintained, then the Avantis (AVNT) price could easily rise above $2 by the end of this week.

But on the flip side, if profit-taking kicks in, the token could drop to its low of $0.1878 as quickly as it climbed high.

The post Avantis (AVNT) price jumps 79% sets new ATH following multiple exchange listings appeared first on CoinJournal.

Avantis (AVNT) price jumps 79% sets new ATH following multiple exchange listings

Source: https://coinjournal.net/news/avantis-avnt-price-jumps-79-sets-new-ath-following-multiple-exchange-listings/