‍Wyoming Launches FRNT: The First US State-Backed Stablecoin on Solana The State of Wyoming has officially launched FRNT, the first US state-backed stablecoin, on January 8, 2026. Issued by the Wyoming Stable Token Commission and available on Kraken, FRNT is a fully-reserved digital asset pegged to the US dollar. FRNT operates on the Solana blockchain, selected for its high throughput and cost-efficiency. It utilizes the Stargate bridge for interoperability with Ethereum and Arbitrum. Transaction fees are approximately $0.01 with near-instantaneous settlement. Interest generated from FRNT's reserves will fund Wyoming's education system, demonstrating a unique public benefit model for digital currencies. The stablecoin is accessible to individual and institutional investors, setting a precedent for sovereign digital currencies.

Cryptovka

Wyoming Issues FRNT: US First State-Backed Stablecoin Launches on Solana

The State of Wyoming has officially introduced FRNT, the first US state-backed stablecoin, marking a historic milestone for digital finance in Nort...

‍Alleged Mastermind of $11.6 Billion Bitcoin Scam Arrested in Cambodia Cambodian authorities have arrested and extradited Chen Zhi, founder of Prince Holding Group, to China. He is accused of orchestrating a criminal operation using forced labor for "pig butchering" scams, resulting in the illicit accumulation of 127,271 Bitcoin (BTC), valued at approximately $11.6 billion. The U.S. Department of Justice is pursuing the largest civil seizure and forfeiture action in its history. This case underscores the growing complexity of on-chain criminal activity, with illicit entities holding nearly $15 billion in funds as of mid-2025.

Cryptovka

Alleged Mastermind of $11.6 Billion Bitcoin Scam Arrested in Cambodia

Cambodian authorities have arrested and extradited Chen Zhi, the founder and chairman of the Prince Holding Group, to China following a massive...