First U.S.: Wyoming launches groundbreaking state issuing stable tokens FRNT

Source: Wyoming State Government Announcement  

Compiled and Translated by: Saoirse, Foresight News  

Translator's Preface: As a pioneer in U.S. digital financial innovation, Wyoming has深耕 the blockchain field since 2016, establishing a leading regulatory position through 45 pieces of legislation. In 2023, the Stablecoin Commission, established under the *Wyoming Stablecoin Act*, first promoted the testing of the stablecoin WYST across multiple blockchains such as Ethereum and Solana, accumulating technical and operational experience. Now, the mainnet launch of the Frontier stablecoin FRNT, building on previous explorations, makes the state the first public entity in the U.S. to issue a blockchain-based stablecoin.  

On August 19, 2025, the Wyoming Stablecoin Commission proudly announced the official launch of the Frontier stablecoin (FRNT) mainnet. This historic move makes Wyoming the first public entity in the United States to issue a blockchain-based stable token. FRNT aims to provide secure, transparent, and efficient digital transaction services to individuals, businesses, and institutions worldwide. This groundbreaking initiative will solidify Wyoming's position at the forefront of digital finance and blockchain innovation.  

Wyoming Governor and Commission Chair Mark Gordon stated: "For years, Wyoming has led in regulating blockchain, cryptocurrencies, and digital assets, passing over 45 related laws since 2016. Today, Wyoming reaffirms its commitment to financial innovation and consumer protection. The launch of the Frontier stablecoin mainnet will provide our citizens and businesses with a modern, efficient, and secure way to transact in the digital age."  

The Frontier stablecoin will be fully backed by U.S. dollars and short-term Treasury securities, held in trust exclusively for the benefit of token holders. FRNT's stability is further strengthened by a legislatively mandated 2% over-collateralization requirement. Developed in collaboration with top industry experts and partners, the token leverages blockchain technology to enable instant transaction settlement, reduce fees, and enhance accessibility for all users.  

In partnership with token issuance collaborator LayerZero, and following the Wyoming Blockchain Special Committee's encouragement to launch FRNT across multiple blockchain networks, the Commission has, through a rigorous selection process, listed FRNT on 7 blockchain platforms. Due to the public accessibility and transparency of these blockchains, the Commission has published its smart contract addresses on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.  

This significant achievement was made possible through the Commission's fully transparent procurement process and collaboration with partners, including: token issuance via LayerZero, blockchain infrastructure provided by Fireblocks, reserve management by Franklin Advisers, open-source intelligence support from Inca Digital, and financial auditing and monthly verification by The Network Firm.  

In the coming days, users will be able to purchase FRNT on the Solana blockchain through Wyoming-based digital exchange Kraken; simultaneously, the token will be available on the Rain Visa integrated card platform, which operates on the Avalanche blockchain. Specific details on public purchasing will be announced separately by this office and the Stablecoin Commission.  

For more information about the Frontier stablecoin and resources for LSP participation, please visit: https://stabletoken.wyo.gov  

About the Wyoming Stablecoin Commission  

Established under the *Wyoming Stablecoin Act* enacted in March 2023, the Commission is responsible for issuing fully backed stablecoins that comply with state laws and fiscal responsibility requirements. Its mission is to enhance financial transparency through blockchain innovation while driving economic growth.  

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