Wyoming has launched the Frontier Stable Token (FRNT), marking a significant step as one of the first US states to issue its own stablecoin. The initiative, overseen by the Wyoming Stable Token Commission, represents a major advancement in state-led digital currency adoption and regulation.

Backed by US Treasuries and Dollars

The FRNT stablecoin is fully collateralised with short-duration US Treasury bills and US dollars, ensuring strong backing and stability. In line with state law, it carries a 102% reserve requirement, providing additional security for holders. The token is currently live on seven major blockchains including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base.

However, despite its technical launch, the FRNT token is not yet available to the wider public due to ongoing regulatory hurdles. According to CryptoAmerica host Eleanor Terrett, availability for public transactions will follow once compliance matters are resolved.

Spotlight at Wyoming Blockchain Symposium

The official announcement of the FRNT launch is expected at the Wyoming Blockchain Symposium, an event hosted by SALT and crypto exchange Kraken. Wyoming Governor Mark Gordon praised the move, emphasising that the state has been at the forefront of digital asset regulation, passing over 45 blockchain-related laws since 2016.

Gordon highlighted the token’s potential to provide citizens and businesses with a secure, efficient, and modern means of carrying out digital transactions. The project is being supported by LayerZero, a blockchain interoperability protocol, to enable smooth use of FRNT across multiple networks.

Initial access is expected to take place on the Solana blockchain via Wyoming-based exchange Kraken, with wider distribution to follow in the coming days.

Visa Integration and Global Reach

In a statement released by Avalanche developer Ava Labs, it was confirmed that FRNT will be usable wherever Visa payments are accepted. This integration extends to digital wallets and mobile payment platforms such as Apple Pay and Google Pay, as well as physical Visa cards.

Anthony Apollo, executive director of the Wyoming Stable Token Commission, described the launch as a “paradigm shift” that not only highlights the state’s leadership in regulation but also creates new opportunities for government innovation.

Transforming Government and Public Services

Apollo noted that the programmable nature of FRNT could revolutionise state operations. Potential applications include instant vendor payments, faster tax refunds, and on-chain distribution of social benefits. These advancements, he argued, can bring efficiency and transparency to public services.

The token, previously known under different names including Wyoming Stable Token (WYST) and Wyoming Electronic Stable Token (WEST), is now formally launched as FRNT.

Wyoming’s move signals a growing trend of state-level involvement in digital currency development, positioning itself as a leader in blockchain adoption and financial innovation in the US.