The post Wyoming Becomes First U.S. State to Issue Its Own Stablecoin: All About FRNT appeared first on Coinpedia Fintech News
Wyoming has made history by becoming the first state in the United States to launch a government-issued stablecoin. The move is being hailed as a major step forward for blockchain innovation and public sector adoption of digital assets.
Here are the key details you need to know.
Wyoming Launches FRNT on Seven Blockchains
The Wyoming Stable Token Commission has officially launched the Frontier Stable Token (FRNT), making Wyoming the first U.S. public entity to issue a blockchain-based stablecoin. FRNT is designed to enable secure, transparent, and efficient digital transactions for individuals, businesses, and institutions worldwide.
It is now live on seven major blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
To guarantee stability, FRNT is fully backed by U.S. dollars and short-term Treasuries, along with a legally mandated 2% overcollateralization. Developed with top industry partners, the stablecoin leverages blockchain to enable faster payments, lower fees, and broader financial access.
FRNT Not Yet Public
Despite the launch, FRNT is not yet available to the public due to ongoing regulatory steps. It will soon be available on Solana via Wyoming’s Kraken and on Avalanche through Rain’s Visa card, with launch updates from the Stable Token Commission.
Wyoming Governor Mark Gordon highlighted the state’s long-standing leadership in blockchain and digital assets, with over 45 laws passed since 2016.
Wyoming Leads in Blockchain Innovation
“While Wyoming has been the leading state for cryptocurrency, blockchain, and digital assets legislation for nearly a decade, the issuance of FRNT signals a paradigm shift,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission.
He added that beyond regulating crypto, Wyoming now shows how public entities can use blockchain to make processes faster and smarter, paying vendors instantly and even delivering tax refunds or social benefits on-chain.
Built with Industry Leaders
The stablecoin was developed in partnership with several trusted firms:
LayerZero for token issuance
Fireblocks for blockchain infrastructure
Franklin Advisers for reserve management
Inca Digital for open-source insights
The Network Firm for audits
FRNT Real-World Use
FRNT is already showing its potential and value in practice.
In July, Wyoming ran a pilot program with Hashfire, cutting the usual 45-day payment processing time down to just seconds.
Through a partnership with Rain, FRNT will soon be spendable anywhere Visa is accepted: online, in stores, and via Apple or Google Pay.
FRNT shows how government and private industry can work together to modernize public finance, offering a model for other states.