Wyoming has formally entered the digital asset market with the public launch of its Frontier Stable Token, or FRNT, marking the first time a U.S. state has self-issued a fiat-backed stablecoin available for public purchase.
The token is live on the Solana blockchain and can be accessed through crypto exchange Kraken.
The initiative is led by the Wyoming Stable Token Commission, which aims to provide faster and lower-cost payment infrastructure while generating interest income from reserves to support the state’s public school system.
Officials confirmed that FRNT is fully backed by U.S. dollars and short-duration U.S. Treasuries, with reserves actively managed to maintain stability and compliance.
FRNT also features cross-chain compatibility through Stargate, allowing transfers to networks including Ethereum, Arbitrum, Avalanche, Base, Optimism, and Polygon.
The launch follows nearly a decade of legislative efforts to establish Wyoming as a blockchain-friendly jurisdiction, with state leaders highlighting reduced payment processing costs and improved efficiency as key benefits of government-issued stablecoins.
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