Thomas Daniels
On August 19, 2025, Wyoming made history as the first U.S. public entity to launch a state‑issued stablecoin, the Frontier Stable Token (FRNT), now live on seven blockchains including Ethereum, Solana, Avalanche, Arbitrum, Polygon, Optimism, and Base.
Authorized by the Wyoming Stable Token Commission—established under state statute—FRNT is a fully collateralized digital asset, backed by short‑duration U.S. Treasury bills and U.S. dollars, and maintains a statutory 102 % reserve ratio.
Despite the mainnet launch coinciding with the Wyoming Blockchain Symposium—a premier blockchain event co‑hosted by SALT and Kraken—the token is not yet available to public users due to lingering regulatory hurdles, as noted by CryptoAmerica host Eleanor Terrett.
FRNT is being deployed across multiple chains through an interoperability partnership with LayerZero, with infrastructure support from leading firms such as Fireblocks (blockchain infrastructure), Franklin Advisers (reserve management), Inca Digital (open‑source intelligence), and The Network Firm (audits and attestations).
Wyoming Governor Mark Gordon, who chairs the commission, remarked:
“The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”
Through Rain’s Visa‑integrated platform, FRNT will become usable anywhere Visa is accepted, including via Apple Pay, Google Pay, and physical cards—extending its reach to both digital and physical points of sale.
The initial distribution of FRNT is being piloted through Kraken’s Solana integration and Rain’s Visa‑enabled infrastructure on Avalanche; broader public availability is pending future announcements.
