The post Wyoming’s FRNT stablecoin taps Visa, Kraken for early distribution appeared on BitcoinEthereumNews.com.

Wyoming has launched FRNT stablecoin across seven chains, but the first real-world tests will flow through Visa’s payment network and the Kraken exchange, underscoring how the state is testing its creation with trusted financial pipelines. Summary Wyoming launches its FRNT stablecoin on seven blockchains, backed by dollars and Treasuries. Initial access will run through Visa’s payments system and Kraken exchange. Regulatory hurdles block wider public use and DeFi integration. On August 19, Wyoming Governor Mark Gordon announced the mainnet launch of the Frontier Stable Token (FRNT), making good on the state’s long-standing ambition to become the first public entity in the U.S. to issue its own digital currency. The token, fully backed by U.S. dollars and short-term Treasuries and mandatorily overcollateralized at 102%, has been deployed on seven major blockchain networks, including Ethereum, Solana, Avalanche, Base, Arbitrum, Optimism, and Polygon. However, in a move that prioritizes controlled access over a free-for-all, the Wyoming Stable Token Commission revealed that initial public distribution will be channeled exclusively through two partners, namely the Wyoming-domiciled Kraken exchange and Rain’s Visa-integrated card platform on Avalanche. A grand vision meets a regulatory maze The move marks a turning point in the ongoing debate over who gets to shape the digital money landscape. Stablecoins are already a $260 billion asset class dominated by private issuers, but Wyoming’s entry signals that public entities want a stake in how this market evolves. According to the press release, the immediate goal for FRNT is to serve as a modernized financial tool for the state itself. By leveraging blockchain settlement, Wyoming aims to reduce transaction fees and administrative delays inherent in traditional banking systems. Governor Gordon’s statement underscores this intent to modernize the state’s financial infrastructure. “Today, Wyoming reaffirms its commitment to financial innovation and consumer protection. The mainnet launch of…

---

Filed under: News - @ August 19, 2025 6:33 pm