Wyoming Becomes the First State to Launch Stablecoin FRNT
The post Wyoming Becomes the First State to Launch Stablecoin FRNT appeared on BitcoinEthereumNews.com.
Key Highlights Wyoming became the first U.S. state to launch its own government-backed stablecoin, the Frontier Stable Token (FRNT), on January 8 The launch is a direct result of the state’s crypto-friendly laws under the leadership of Senator Cynthia Lummis Coinbase CEO Brian Armstrong warned that restrictive U.S. policies, particularly bans on stablecoin rewards, could pause competition against digital currencies like China’s e-CNY On December 7, the Wyoming Stable Token Commission officially declared the launch of Frontier Stable Token for public purchase via Wyoming-domiciled cryptocurrency exchange, Kraken. Today, the Commission made the Frontier Stable Token available for public purchase through Wyoming-domiciled cryptocurrency exchange @krakenfx. Kraken customers can now access “FRNT” at the link below.https://t.co/bRfiOAS9gI — Wyoming Stable Token Commission (@wyostable) January 7, 2026 How Wyoming’s New Stablecoin Works? Wyoming announced the project in partnership with a global asset management firm, Franklin Templeton. The new digital currency is a USD-pegged stablecoin, meaning each FRNT token is backed 1:1 by USD held in a reserve. It is being issued on the Solana blockchain, which was chosen for its fast transaction speeds and low operational costs. The stated purpose of FRNT is to enable quicker payments, reduce fees for users, and expand financial inclusion for Wyoming residents and others. The development and launch were managed by the Wyoming Stable Token Commission, a body created by state law in 2022. Anthony Apollo, the Commission’s Executive Director, explained the purpose behind the project. He stated that FRNT is a tool for economic growth, designed to work smoothly with modern decentralized finance applications while adhering to regulatory rules. The initial supply is 10 million tokens. Primary uses will include paying state employees and settling bills with vendors. The token is non-custodial, so users hold it directly in their own comparable digital wallets, and it includes built-in…
Filed under: News - @ January 9, 2026 2:28 pm