The post Wyoming Launches First State-Issued Stablecoin FRNT appeared on BitcoinEthereumNews.com.

The Wyoming Stable Token Commission, a body authorized by the US state to issue a stablecoin, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin. The FRNT stablecoin is a fully-collateralized digital token backed by short-duration US Treasury bills and US dollars, with a statutorily mandated 102% reserve requirement, the commission said in an announcement on Tuesday. According to CryptoAmerica host Eleanor Terrett, the FRNT is now live on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base. “However, due to lingering regulatory hurdles, the token is not yet available to the public,” Terrett said in an X post on Tuesday. FRNT at Wyoming Blockchain Symposium The FRNT mainnet launch is expected to be announced at the Wyoming Blockchain Symposium, a second annual event hosted by the finance networking platform SALT and Kraken exchange. “For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016,” Wyoming Governor Mark Gordon said, adding: “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.” The official announcement highlights the commission’s collaboration with the blockchain interoperability protocol LayerZero to offer FRNT across multiple blockchain networks. The Wyoming Stable Token Commission highlighted that FRNT is not available for purchase at launch. Source: Stabletoken.wyo.gov The initial FRNT availability is expected to feature purchases on the Solana blockchain through Wyoming-domiciled crypto exchange Kraken in the coming days, the commission said. “Public availability will be noticed with a distribution from this office and the Stable Token Commission,” it added. FRNT is accepted by Visa According to an announcement shared by Avalanche developer Ava Labs, Wyoming’s FRNT stablecoin will be available for use anywhere Visa is…

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Filed under: News - @ August 20, 2025 1:20 am