The first case in the United States: Wyoming launches pioneering state-issued stablecoin FRNT

Source: Wyoming State Government Announcement

Compiled by: Saoirse, Foresight News

Translator's Note : As a pioneer in digital financial innovation in the United States, Wyoming has been deeply engaged in the blockchain field since 2016, establishing a leading regulatory position through 45 pieces of legislation. The Stablecoin Committee, established in 2023 under the Wyoming Stablecoin Act, is advancing the testing of the WYST stablecoin across multiple chains such as Ethereum and Solana, accumulating technical and operational experience. Today, the Frontier stablecoin FRNT mainnet has officially launched, building on the results of earlier explorations, making the state the first public entity in the U.S. to issue a blockchain-based stablecoin.

On August 19, 2025, the Wyoming Stablecoin Committee proudly announced the official launch of the Frontier stablecoin FRNT mainnet. This historic initiative 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 for individuals, businesses, and institutions worldwide, and this groundbreaking move will solidify Wyoming's leading position in digital finance and blockchain innovation.

Wyoming Governor and Committee Chair Mark Gordon stated, "For years, Wyoming has been at the forefront of blockchain, cryptocurrency, and digital asset regulation, having passed over 45 related pieces of legislation 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 government bonds, with these assets held in trust specifically for the benefit of token holders. By mandating a 2% over-collateralization requirement through legislation, the stability of FRNT is further enhanced. The token has been developed in collaboration with industry-leading experts and partners, leveraging blockchain technology to enable instant transaction settlement, reduce fees, and enhance user convenience for all.

In collaboration with token issuance partner LayerZero, and with encouragement from the Wyoming Blockchain Special Committee to launch FRNT across multiple blockchain networks, the committee has successfully launched FRNT on seven blockchain platforms through a rigorous candidate selection process. Due to the public accessibility and transparency of these blockchains, the committee has now published its smart contract addresses on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.

Behind this significant achievement is the result of the committee's collaboration with partners through a fully transparent procurement process, 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 conducted by The Network Firm.

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

About the Wyoming Stablecoin Committee

The committee was established under the Wyoming Stablecoin Act enacted in March 2023, responsible for issuing fully backed stablecoins that comply with state laws and financial responsibility requirements. Its mission is to enhance financial transparency through blockchain innovation while promoting economic growth.