HomeCryptocurrencyXRP, XLM, and HBAR Will Be Used In Wyoming. Here's the Latest

XRP, XLM, and HBAR Will Be Used In Wyoming. Here’s the Latest

Wyoming’s state-issued stablecoin is gaining new relevance in the digital asset sector, with Crypto Researcher SMQKE highlighting connections between the token and several major blockchain networks.

In a post on X, SMQKE claimed that XRP, XLM, and HBAR will be used in connection with the Wyoming stablecoin, citing documents that show integrations involving the XRP Ledger, Stellar, and Hedera.

The post focused on how the Wyoming Stable Token could interact with established blockchain infrastructure as the state develops its digital currency system. However, the documents also show important distinctions between a blockchain network and the native asset operating on that network.

Fireblocks Integration Includes XRPL and Stellar

SMQKE stated that XRP and XLM gain access to the Wyoming Stablecoin through integrations with Fireblocks, while HBAR serves as a bridged blockchain for the state-issued token.

The attached material includes a Fireblocks network overview showing support for Stellar, Ripple’s XRP Ledger, and various EVM-compatible chains. The same document lists more than 20 stablecoins supported across the Fireblocks Network, including USDC, USDT, and other assets.

The Wyoming Stable Token Commission’s website also identifies Fireblocks among its partners. Its materials describe the issuance process for the stable token and show that the project has been designed to operate across multiple blockchain environments.

The Wyoming stablecoin, known as FRNT, is currently available for public purchase through Kraken, according to the material shared in the post. The Commission also states that FRNT can be purchased on Solana and bridged to Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, and Polygon through Stargate.

The XRP Distinction Draws a Correction

The claim about XRP itself was corrected by commenter Jeremy Bureau, who focused on the distinction between XRP Ledger integration and direct use of XRP.

Bureau stated that the documentation does not say the Wyoming stablecoin uses XRP. He noted that the documents refer to the XRPL rather than specifically identifying XRP as an asset used by the stablecoin.

He also referenced Wyoming’s earlier treasury bond pilot conducted through the XRP Ledger, saying that the use of the XRPL did not mean XRP itself was involved in that transaction. His comment urged greater precision when describing blockchain integrations because using a network does not automatically mean using its native cryptocurrency.

The distinction is important in assessing SMQKE’s claim. The documents clearly identify the XRP Ledger and Stellar among supported networks, while Hedera appears among the blockchain networks connected through FRNT’s bridging infrastructure. They do not, based on the material shown, establish that XRP or XLM themselves will be used to issue the Wyoming stablecoin.

Wyoming’s project nevertheless demonstrates an effort to make FRNT interoperable across several blockchain ecosystems.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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