KEY TAKEAWAYS
- Kraken has launched trading for the Frontier Stable Token (FRNT), a fiat-backed stable token, on January 7, 2025.
- FRNT is issued by the Wyoming Stable Token Commission and is backed by the US dollar, ensuring stability and transparency.
- FRNT is designed for global use, compatible with multiple blockchain networks and existing payment systems.
- Trading via Kraken’s app will be available once liquidity conditions are met, with geographic restrictions possibly applying.
Kraken has announced the availability of Frontier Stable Token (FRNT) for trading on its platform. Trading for FRNT went live on January 7, 2025, allowing users to engage with this new asset.
To begin trading FRNT, users can navigate to the ‘Funding’ section of their Kraken account, select FRNT, and proceed with the ‘Deposit’ option. It is crucial for users to ensure that deposits are made using networks supported by Kraken, as deposits made through unsupported networks may result in loss.
About Frontier Stable Token (FRNT)
FRNT is described as the first fiat-backed, fully reserved stable token issued by a public entity in the United States. It was created by the Wyoming Stable Token Commission. The token is backed by the US dollar and aims to provide stability through transparent reserves and statutory guidance.
FRNT is designed for both domestic and international use and is interoperable across multiple blockchain networks. It is also compatible with existing payment systems and wallets. Decisions regarding the token are made in public meetings, allowing for public input.
Trading Conditions and Future Listings
Trading FRNT via the Kraken App and Instant Buy will become available once liquidity conditions are met. This means a sufficient number of buyers and sellers must be present in the market for efficient order matching. Additionally, geographic restrictions may apply to trading FRNT.
Kraken has indicated that more assets will be made available in the future. However, the platform maintains a policy of not disclosing details about upcoming listings until shortly before their launch. All available tokens and future listings can be found on Kraken’s Listings Roadmap and social media profiles.
For more information, the official announcement can be found here.
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