Wyoming Launches First State-Issued Stablecoin, FRNT

Wyoming becomes first US state to issue its own stablecoin Wyoming has launched the Frontier Stable Token (FRNT), a fully fiat-backed stable token backed by US dollars and short-duration Treasuries, with a mandatory 2% statutory over-collateralization. The token is deployed across eight blockchains and is managed by the Wyoming Stable Token Commission, with public sales via Kraken. 1

ECB’s Lagarde warns tokenized finance won’t scale without central bank money ECB President Christine Lagarde stressed that tokenized financial markets need settlement in central bank assets to avoid fragmentation into isolated silos. She noted 98% of stablecoins are USD-denominated, and the ECB is advancing infrastructure projects like Pontes to support sovereign settlement rails. 2

Ethereum’s Glamsterdam upgrade enters final development stage Core developers are now running devnets with all planned EIPs for the Glamsterdam upgrade, described as the largest protocol change since the Merge. Key features include enshrined Proposer-Builder Separation and Block-level Access Lists, with a testnet launch expected later this year. 3

Ripple invests in Flutterwave to push RLUSD stablecoin and XRP Ledger into African payments Ripple participated in Flutterwave’s Series E round, valuing the company at $3.2 billion, and will integrate its RLUSD stablecoin and the XRP Ledger network into Flutterwave’s cross-border payments infrastructure across Africa. 4

Crypto traders take profits across Bitcoin, Ether, Solana as Iran deal caution persists While stocks and oil rallied on the US-Iran peace deal, Bitcoin briefly topped $67,000 before slipping back under $66,000, with analysts noting that traders are waiting for the deal’s signing on June 19 and the Fed decision before committing. ETF outflows only paused after a record run, and coins continue to move off exchanges. 5