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The FRNT stablecoin in Wyoming has been online for a month but is still unavailable for purchase, while the Testnet Faucet is open for claims.
The FRNT stablecoin project in Wyoming has been on the Mainnet for over a month now, but it is still unavailable for purchase. However, they have managed to set up the Testnet Faucet first.
Now anyone can go to their website, connect a wallet, choose one from the 8 Testnets, and receive up to 1000 tFRNT test coins every day. It must be made clear that these tFRNT are completely unbacked by reserves; they are test tokens in the development environment, mainly used to simulate the operation of smart contracts on the 7 Mainnet chains.
In simple terms, it is a pressure test on the technical level. The project team probably wants developers and community members to test the waters before officially opening for purchase, to see if there are any issues with the contract logic of multi-chain deployment. After all, for a stablecoin project with a government background, the technical details must be thoroughly refined before launch.