Wyoming State Stablecoin, Bullish $1.15B IPO, Circle Gateway

Welcome to The Daily Yield – your trusted daily source for stablecoin and industry news, powered by Stabledash and hosted by Drew Rogers.

Today's Headline Stories:

-Wyoming Launches First US State-Issued Stablecoin: FRNT token debuts across 7 blockchains with Visa backing, enabling real-world spending anywhere Visa is accepted including Apple Pay and Google Pay. Features 102% over-collateralization with US dollars and Treasury bills, managed by Franklin Advisors with monthly audits. Unlike private stablecoins, interest earnings flow to Wyoming School Foundation Fund supporting public education.

Bullish Settles $1.15B NYSE IPO Entirely in Stablecoins: Historic first US public offering settled in stablecoins with vast majority minted on Solana. Jefferies coordinated multi-issuer process including USDC/EURC (majority, custodied by Coinbase), USDG (Global Dollar Network), PYUSD (Paxos), RLUSD (Ripple), AUSD (Agora), EURAU (AllUnity), USD1 (World Liberty Financial), and Societe Generale-FORGE tokens.

Circle Launches Gateway Protocol: Enables instant USDC transfers across 7 major chains with sub-500 millisecond speeds, eliminating traditional bridging delays across Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Uniswap.

SkyBridge Capital Tokenizes $300M Hedge Funds: Plans to tokenize flagship Digital Macro Master Fund and Legion Strategies on Avalanche blockchain using ERC 3643 standard for improved transparency and liquidity.