Wyoming has become the first state in the U.S. where a government agency has officially launched its own stablecoin, the Frontier Stable Token (FRNT), based on seven different blockchains.
This is reported by Business • Media
Features of Frontier Stable Token
The Wyoming Stablecoin Commission announced the launch of the new digital asset FRNT, which is backed by U.S. dollars and short-term treasury bonds. All assets are held in a special trust for the benefit of token holders, and to provide additional protection, there is an over-collateralization of 2%.
“Wyoming has been a leader in blockchain and digital assets for many years […] The launch of the Frontier Stable Token provides our citizens and businesses with a modern tool for secure transactions in the digital age.”
Technological Foundation and Availability
FRNT has launched on seven networks: Ethereum, Arbitrum, Optimism, Polygon, Base, Avalanche, and Solana. The technological infrastructure of the project has been developed in collaboration with companies such as LayerZero, Fireblocks, Franklin Advisers, Inca Digital, and The Network Firm.
In the coming days, the FRNT token will be available for purchase on the Solana blockchain through the Kraken exchange, as well as on Avalanche via the Rain platform, which is integrated with the Visa payment system.
It is important to note that in July 2025, the U.S. House of Representatives officially passed three strategic bills regarding cryptocurrencies, including the GENIUS Act, which lays the regulatory foundation for stablecoins in the country. The new legislation creates conditions for the further development of digital assets and enhances financial security.