The post Wyoming Stablecoin Frontier Stable Token (FRNT) Launches on Kraken Via Solana Chain appeared first on Coinpedia Fintech News
The Wyoming Governor Mark Gordon has announced the official launch of the Frontier Stable Token ($FRNT) on Wednesday, January 7, 2025. The FRNT stablecoin was launched by the Wyoming Stable Token Commission to catalyze the local economy through digital assets.
The FRNT Token List on Kraken Via Solana Network
The FRNT stablecoin was made available on Kraken exchange through the Solana (SOL) network on the first day of trading. The FRNT stablecoin can also be used on other chains – led by Arbitrum (ARB), Base, Ethereum (ETH), Optimism (OP), and Polygon (POL) – seamlessly through the Stargate Finance.
The strategic launch of the FRNT follows the ongoing implementation of the Genius Act by President Donald Trump’s administration. The stablecoins market has grown to over $300 billion, and is expected to grow exponentially catalyzed by organic global demand.
What’s Next?
According to Anthony Apollo, the Executive Director at the Wyoming Stable Token Commission, the future of FRNT must be cultivated through utility. The state of Wyoming will use the FRNT stablecoin to ease the tax burden on residents.
“We look forward to scaling FRNT in 2026. This includes onboarding new partners for the resale of FRNT, deploying FRNT within State agencies to make operations cheaper and more efficient, and partnering with other public entities looking to do the same,” the Wyoming Stable Token Commission noted.
Through enhancing government efficiency, the FRNT stablecoin is well-positioned to gain traction even in the global market. Moreover, the Solana network is among the blue-chip blockchains adopted globally alongside Ethereum (ETH) and Bitcoin (BTC).