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Home News Stablecoin

Wyoming Commission Launches FRNT Stablecoin on Seven Blockchains, Eyes Kraken Integration

19 August 2025
in Stablecoin
Reading Time: 3 mins read
105 3
source: news.bitcoin.com

source: news.bitcoin.com

The Wyoming Stable Token Commission has officially deployed the Frontier Stable Token (FRNT) on mainnet, marking a major milestone in the state’s push to pioneer digital asset regulation in the United States.

Backed by U.S. dollars and short-term Treasury bills, FRNT is fully collateralized and operates under a legally mandated 102% reserve ratio—setting it apart from most existing stablecoins, the commission revealed on Tuesday.

According to CryptoAmerica host Eleanor Terrett, the token is already live across seven blockchain ecosystems, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. However, she noted that ongoing regulatory processes mean FRNT has not yet been made available to the public.

????NEW: Wyoming has launched the Frontier Stable Token (FRNT), becoming the first U.S. state to issue its own stablecoin.

Backed by USD and short-term treasuries, FRNT is now live on 7 blockchains including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.…

— Eleanor Terrett (@EleanorTerrett) August 19, 2025

The commission said the stablecoin’s first public availability is expected on Solana via Wyoming-domiciled crypto exchange Kraken “in the coming days.” Full distribution details will be announced directly by the commission.

The official unveiling of FRNT is expected to feature prominently at the Wyoming Blockchain Symposium, an annual event hosted by SALT and crypto exchange Kraken.

Governor Mark Gordon praised the initiative, highlighting Wyoming’s track record of passing over 45 digital asset bills since 2016. 

“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,”

he said.

To ensure cross-chain operability, the commission partnered with interoperability protocol LayerZero, enabling FRNT to be used seamlessly across multiple networks.

Payment adoption is also central to the rollout. Avalanche developer Ava Labs confirmed that FRNT will be usable anywhere Visa is accepted, including through Apple Pay, Google Pay, and physical debit cards.

Anthony Apollo, executive director of the Stable Token Commission, called the launch a “paradigm shift” for state-led blockchain innovation. “From paying vendors in seconds to enabling tax refunds and social benefits on-chain, FRNT brings state action into the programmable era,” Apollo said.

 

With Wyoming pushing ahead on stablecoin innovation, the launch of FRNT sets a new precedent for how U.S. states can blend regulation with blockchain-based financial infrastructure.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

 

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