Wyoming has made history by launching the Frontier Stable Token (FRNT), the first stablecoin issued by a U.S. public entity. Announced by the Wyoming Stable Token Commission, the token went live in 2025 on seven blockchains, including Solana, Ethereum, Avalanche, Arbitrum, Optimism, Polygon, and Base.
The stablecoin is backed by U.S. dollars and short-term treasuries and includes a 2% overcollateralization, though it is not yet available for trading due to regulatory steps
According to the press release, FRNT will provide secure, transparent, and fast digital transactions for individuals, businesses, and institutions. The launch was carried out with the help of LayerZero, a token issuance partner, and selected after a robust process that considered multiple blockchain networks. While Solana and Aptos were initially preferred, the final launch included the seven blockchains now live.
Governor Mark Gordon, who also serves as Chairman of the commission, commented on the milestone, saying, “For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016”.
Today, Wyoming reaffirms its commitment to financial innovation and consumer protection. The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”
Investors will be able to purchase FRNT soon through the Wyoming-based crypto exchange Kraken on the Solana network. The token will also be available via Rain’s Visa-integrated card platform on Avalanche.
The commission worked with several partners, including Fireblocks for blockchain infrastructure, Franklin Advisers for reserves management, Inca Digital for intelligence services, and The Network Firm for financial audits and attestations.
Wyoming is stepping up in digital finance, hosting crypto firms like Kraken and preparing for Uniswap’s DUNI entity. With FRNT, the state aims to give people and businesses an easy, fast, and secure way to make digital transactions backed by U.S. dollars.
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