The initial multi-chain deployment of Frontier Stablecoin (FRNT) has taken place on LayerZero, with subsequent confirmation of deployment to Hedera (HBAR). The Wyoming Stable Token Committee announced the launch of the FRNT mainnet on August 19, 2025, mentioning LayerZero as the token issuance partner. The deployment network includes seven blockchains: Arbitrum (ARB), Avalanche (AVAX), Base, Ethereum (ETH), Optimism (OP), Polygon (POL), and Solana (SOL). There is ongoing debate about whether FRNT has transitioned to the Chainlink (LINK) Cross-Chain Interoperability Protocol (CCIP), and as of now, no official announcement has been made to confirm this. LayerZero stated that FRNT was first launched on January 7, 2026, and Hedera was selected as an additional candidate chain for FRNT on September 4, 2025, with FRNT being minted on Hedera EVM on March 12, 2026. The deployment on Hedera was conducted based on LayerZero, and FRNT is noted for being a stablecoin directly issued by a U.S. state government. FRNT is backed by the U.S. dollar and short-term treasury bonds, designed to maintain collateral exceeding 2% according to legal standards. So far, public records support the LayerZero-based launch and Hedera deployment, and the uncertainty regarding infrastructure reorganization remains until an official change notice is issued.
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Expanded U.S. Treasury long-bond buybacks helped pull yields lower and supported a modest rebound in risk appetite, with the major indexes closing slightly higher. At the same time, Bitcoin briefly rose above $70,000 and lifted crypto-linked equities, while positive Phase 3 vaccine data from Merck and Moderna pushed healthcare and biotech stocks higher. SK Hynix’s large-scale buyback also kept attention on the storage cycle and AI-related demand. Markets are continuing to digest the relatively hawkish Fed minutes while positioning ahead of earnings from Alibaba and Walmart.
Bitcoin and Ethereum surged in a historic 24-hour rally that added $190 billion to the crypto market and triggered $2.98 billion in liquidations. Here's what Treasury buybacks, a massive short squeeze, and new SEC rules mean for traders on WEEX.