FRNT is also available on Kraken, a crypto exchange based in Wyoming, with Fireblocks sustaining its operations and issuance, in conjunction with LayerZero supporting cross-chain interoperability over networks.
Speaking on the launch, Mance Harmon, co-founder of Hedera, says: “Hedera technology provides the reliable foundation regulated industries need to innovate with confidence and reimagine how payments move across networks and borders.”
Anthony Apollo, executive director for the Wyoming Stable Token Commission, believes that Hedera contributes the “governance and performance needed for regulated use cases”.
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