Wyoming Debuts First U.S. State-Issued Stablecoin — Frontier Stable Token (FRNT)

Wyoming has officially launched the Frontier Stable Token (FRNT), the first stablecoin in the U.S. issued by a public entity. Fully backed by U.S. dollars and short-term treasury bills, with reserves legally required to exceed issuance by 2% (102% collateralization), FRNT is now live on seven major blockchains—combining government-level trust with blockchain efficiency.

Key details:

• Fully reserved with U.S. dollars and short-term treasuries, plus a statutory 2% buffer
• Deployed across seven blockchains (Ethereum, Solana, Arbitrum, Avalanche, Base, Optimism, Polygon) via LayerZero
• Reserve interest will help fund Wyoming public schools
• Tested in pilot programs, reducing contractor payment cycles from 45 days to seconds