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stable

Wyoming State Launches Frontier Stable Token (FRNT)

by admin August 19, 2025

Wyoming state announced on Tuesday the mainnet launch of its U.S. dollar stablecoin Frontier Stable Token (FRNT), claiming it to be the first fully-reserved stablecoin in the country issued by a public entity.

“The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age,” Mark Gordon, governor of Wyoming and chairman of the Wyoming Stable Token Commission, said in a statement.

The token has already been deployed on the Arbitrum

, Avalanche , Base, Ethereum , Optimism , Polygon (POL), and Solana networks, blockchain data on the project’s website shows. The token is designed to be 2% over-collateralized, backed by U.S. dollars and short-duration U.S. treasuries held in trust.

The token will be available for the broader public in the coming days on Solana through Wyoming-domiciled exchange Kraken and Rain’s Visa-integrated card platform on the Avalanche blockchain, the press release said.

The announcement, coincided with the Wyoming Blockchain Symposium conference in Jackson Hole, Wyoming, follows the U.S. enacting federal laws with the GENIUS Act to regulate the fast-growing stablecoin sector and issuers.

Stablecoins are a $260 billion class of cryptocurrencies with prices tied to an external asset like the U.S. dollar. They could become a trillion dollar market in the next few years and disrupt payments flows as adoption in the real economy expands, crypto trading firm Keyrock projected in a recent report.

Wyoming, known for its forward stance on blockchain legislation, created the Wyoming Stable Token Commission in 2023 to develop and issue a U.S. dollar-backed token and oversee its integration into public finances. Last month, the state conducted a test transaction for real-time government contractor payment on the Avalanche-based Hashfire.

The Commission has partnered with LayerZero for token issuance, Fireblocks for blockchain infrastructure, Franklin Advisers for reserves management, Inca Digital for open-source intelligence and The Network Firm for audits and monthly attestations, all selected through a procurement process, the press release said.

Read more: U.S. Treasury Department Starts Work on GENIUS, Gathering Views on Illicit Activity

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August 19, 2025 0 comments

Product Reviews

Sega just accidentally leaked its own sales numbers, and somehow Sonic Frontiers sold more than the last two mainline Yakuzas combined, but Persona 5’s putting the rest of the stable to shame

by admin June 22, 2025

First reported by VGC, Sega Sammy Holdings⁠—Sega’s delightfully-named parent company⁠—mistakenly uploaded sales numbers for 11 major games to a public page on the company website. ResetEra user –R uploaded the full table to the forum, allowing us to still peep those numbies after Sega took the original page down.

The original table charts earnings by fiscal year from 2020 to 2025, but for simplicity, here are the total units sold for each game across the entire span:

Like a Dragon: Infinite Wealth: 1.66 million
Like a Dragon: The Man Who Erased His Name: 960,000
Persona 3 Reload: 2.07 million
Sonic Superstars: 2.43 million
Sonic Frontiers: 4.57 million
Total War: Warhammer 3: 2.34 million
Shin Megami Tensei V: 2.11 million
Yakuza: Like a Dragon: 2.86 million
Persona 5 Royal: 7.25 million
Team Sonic Racing: 3.50 million
Total War: Three Kingdoms: 3.21 million

The biggest surprise for me is how well Sonic games are selling to this day⁠—possibly helped a great deal by the movies⁠—as well as how slowly recent Yakuza/Like a Dragon games have sold by comparison. Sonic Frontiers moved almost as many units as Yakuza 7, Infinite Wealth, and The Man Who Erased His Name combined.

Frontiers is a game that seemed to come and go without much fanfare, while Like a Dragon appears to be at the height of its popularity. I wouldn’t worry about Ryu Ga Gotoku Studio or anything, though: Those are still strong showings, and the developer just cranks games out at an almost unheard-of pace for the 2020s game industry, more than making up for any one game’s relative lack of success.

Two more things stood out to me. First, nothing even comes close to Persona 5 Royal’s 7 million units sold, and this data doesn’t even account for Persona 5’s first three years of non-Royal circulation, likely putting its total north of 10 million.

Second are the notable omissions of Pirate Yakuza in Hawaii and especially Metaphor: ReFantazio. Both were perhaps excluded for having released too close to the end of Sega’s 2025 fiscal year, but Metaphor seems to have sold like gangbusters, and I’m very curious to know how it stacks up.

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June 22, 2025 0 comments

Crypto Trends

Fed Beige Book flags modest decline in activity, stable labor market

by admin June 5, 2025

In a live reaction to the Federal Reserve’s Beige Book release Wednesday afternoon, Bloomberg’s Federal Reserve and economics reporter Catarina Saraiva highlighted an increasingly cautious mood across U.S. businesses and consumers.

Saraiva stated the Federal Reserve’s Beige Book is “pretty similar” report to what we have seen this year, pointing to slight declines in activity and a labor market holding steady.

Saraiva emphasized how uncertainty, particularly tied to trade tensions and tariffs, continues to weigh on decision-making. She added that businesses and consumers “are kind of waiting to see how this tariff fight plays out.”

The Beige Book mentioned tariffs a total of 122 times, and that “economic activity declining modestly” was a recurring theme across multiple regions, she noted.

Consumer spending holds

Despite fears that tariffs would depress household spending, Saraiva said U.S. consumers have remained surprisingly resilient. The consumer, she said “has stayed strong” and a “big part of that is the labor market.” Retail sales increased slightly, but there’s been a drop in big-ticket purchases.

On inflation, Saraiva pointed to an ongoing concern at the Fed: the risk of inflation expectations becoming unanchored. “That completely takes away the Fed’s ability to control prices,” she warned. However, she noted that most market-based inflation measures remain stable, despite some recent volatility in sentiment surveys.

Michelle Bowman seen as a steady, regulation-light Fed candidate

Saraiva also discussed her recent reporting on Michelle Bowman, U.S. President Donald Trump’s pick for the Federal Reserve’s Vice Chair for Supervision. Bowman, currently a Fed governor, is known for her support of lighter-touch regulation and opposition to recent proposals for increased capital requirements.

“Her views are very widely known… she’s kind of aligned with the industry when it comes to [regulation],” Saraiva said.

She added that Bowman still advocates for rigorous supervision and has called for an independent review of the Silicon Valley Bank collapse.

Bowman could also be in the running to succeed Jerome Powell as Fed Chair, Saraiva added. She’s already on the board and has “proven herself to be a dedicated policymaker.”

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June 5, 2025 0 comments