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Today's Top Crypto Headlines:
Wyoming $FRNT State Stablecoin | Jupiter JupUSD Stablecoin | Tether Gold-Based Scudo | Bitchat Resists Government Shutdowns and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Wyoming $FRNT State Stablecoin: Wyoming rolled out FRNT, the first U.S. state-issued, fully backed stablecoin. It’s pegged 1:1 to dollars and Treasuries, runs on Solana, and supports instant, low-fee payments. The state plans to use it to cut costs and fund public programs.
Jupiter Debuts JupUSD Stablecoin: Solana-based Jupiter launched JupUSD, a yield-bearing stablecoin built with Ethena. Backed mainly by BlackRock’s tokenized money-market fund, it will power trading across Jupiter’s platform.
Tether Introduces Gold-Based Scudo: Tether unveiled Scudo, a unit equal to one-thousandth of an ounce of gold via XAUT. It allows users to transact tiny amounts of gold on-chain.
💡Feature of the Day - Bitchat Resists Government Shutdowns: Decentralized messaging app Bitchat says it can’t be shut down by authorities. Using Bluetooth mesh networking, it works without internet or servers. Adoption is rising in Uganda ahead of election-related blackout fears.
All this and more in today’s headlines!
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📰 News Highlights:
Wyoming has officially rolled out the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a fully reserved, fiat-backed stablecoin. The token is backed 1:1 by U.S. dollars and short-term Treasuries, governed by a seven-member commission, and designed to offer near-instant peer-to-peer payments for as little as $0.01 per transaction.
FRNT currently runs natively on Solana and is available via Kraken, with bridging support to major chains like Ethereum, Base, Polygon, and Avalanche through Stargate.
The state’s goal is simple: cut transaction costs, reduce reliance on traditional payment rails, and return interest income directly to public programs like school funding and tax relief.
Local officials say credit card fees alone cost residents tens of thousands of dollars each year. Looking ahead, Wyoming plans to expand FRNT across state agencies, onboard more partners, and position itself as a model for other public institutions exploring on-chain payments.
Solana-based DeFi giant Jupiter has launched JupUSD, a yield-bearing stablecoin built to power its entire trading ecosystem. Developed with Ethena Labs, JupUSD is backed primarily by BlackRock’s tokenized BUIDL money-market fund, with a smaller USDC liquidity buffer. The stablecoin is designed to act as the default settlement asset for Jupiter’s perpetuals, swaps, and limit orders.
By issuing its own native dollar, Jupiter keeps liquidity in-house while allowing users to earn yield even when funds sit idle as collateral. Reserves are custodied through Anchorage Digital and fully verifiable on-chain, adding institutional-grade transparency.
The move follows a broader 2025 trend of application-specific stablecoins, and early market reaction has been positive, with Jupiter’s JUP token jumping nearly 18% after the announcement.
Tether has introduced Scudo, a new unit of account that represents one-thousandth of a troy ounce of gold through its XAUT token. The idea is to make gold as divisible and usable as Bitcoin’s satoshis, allowing users to send and transact tiny amounts of gold on-chain. Scudo is backed by physical gold and builds on XAUT’s existing reserve of more than 1,300 gold bars.
The timing lines up with a historic rally in precious metals, as gold prices surged 65% in 2025 amid inflation fears and de-dollarization trends.
By lowering the barrier to entry, Tether aims to turn gold from a passive store of value into a practical digital asset. Scudo offers users a way to hedge against inflation without dealing with storage, custody, or traditional bullion fees.
💡 Feature of the Day:
Developers behind the decentralized messaging app Bitchat say Uganda’s government lacks the technical ability to shut the service down. Built on Bluetooth mesh networking, Bitchat allows users to communicate without internet access, phone numbers, or central servers. With elections approaching and fears of internet blackouts rising, more than 400,000 Ugandans have already downloaded the app.
Because Bitchat relies on device-to-device connections, messages can hop across nearby phones even if national internet access is cut. The app has already proven effective during outages and censorship events in places like Nepal and Jamaica.
Backed by an open-source community linked to Jack Dorsey, Bitchat reflects a growing global shift toward off-grid communication tools that operate beyond government control.
😂 Crypto Meme of the Day:

Meme of the day provided by @web3.career
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com

