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Wyoming launched the Frontier Stable Token (FRNT), the first U.S. state-backed stablecoin.
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FRNT runs on seven blockchains, including Ethereum, Solana, and Avalanche.
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Backed 102% by cash and Treasurys for stability.
First State-Backed Stablecoin
The Wyoming Stable Token Commission has launched the Frontier Stable Token (FRNT), making Wyoming the first U.S. state to issue a state-backed stablecoin. The token is designed for both retail and enterprise use.
Blockchain Coverage and Backing
FRNT will launch across seven blockchains, including Ethereum, Solana, Avalanche, Base, Polygon, Arbitrum, and Optimism. It is overcollateralized by cash and U.S. Treasurys, with reserves maintained at a minimum of 102%.
Wyoming’s Crypto Leadership
Wyoming has built a reputation as a crypto-friendly state, passing laws to recognize DAOs, enabling special-purpose crypto banks, and pushing forward stablecoin regulation. The launch follows President Trump’s federal stablecoin law, which gave issuers clearer rules to operate in the U.S.
Adoption and Integration Plans
In the coming days, FRNT will be available through platforms like Kraken and Rain’s Visa-integrated card. The commission is also testing additional blockchains and alternative versions of the stablecoin.
