Source: Wyoming Government Announcement
Compiled by: Saoirse, Foresight News
Translator's Note: As a pioneer in digital financial innovation in the United States, Wyoming has deepened its focus on the blockchain field since 2016, establishing a leading regulatory position through 45 legislations. The Stablecoin Committee, established in 2023 under the Wyoming Stablecoin Act, first advanced the stablecoin WYST through multi-chain testing on Ethereum, Solana, and others, accumulating technical and operational experience. Now, the Frontier stablecoin FRNT mainnet has officially launched, building on previous exploratory results, making the state the first public entity in the United States to issue a blockchain stablecoin.
On August 19, 2025, the Wyoming Stablecoin Committee proudly announced the official launch of the Frontier stablecoin FRNT mainnet. This historic initiative makes Wyoming the first public entity in the United States to issue a blockchain-based stablecoin. FRNT aims to provide secure, transparent, and efficient digital transaction services for individuals, businesses, and institutions globally, consolidating Wyoming's leading position in digital finance and blockchain innovation.
Wyoming Governor and Chair of the Committee Mark Gordon stated: "For years, Wyoming has been a leader in blockchain, cryptocurrency, and digital asset regulation, having passed over 45 related legislations since 2016. Today, Wyoming reiterates its commitment to financial innovation and consumer protection. The launch of the Frontier stablecoin mainnet will provide our citizens and businesses with a modern, efficient, and secure way to transact in the digital age."
The Frontier stablecoin will be fully backed by US dollars and short-term government bonds, which are held in trust for the benefit of token holders. By legislating a 2% over-collateralization requirement, the stability of FRNT is further reinforced. This token has been jointly developed by industry-leading experts and partners, leveraging blockchain technology to achieve instant transaction settlement, reduce transaction fees, and enhance convenience for all users.
In collaboration with token issuance partner LayerZero, and with encouragement from the Wyoming Blockchain Special Committee for the multi-blockchain network launch of FRNT, the committee has successfully launched FRNT on 7 blockchain platforms through a rigorous candidate screening process. Given the public accessibility and transparency of these blockchains, the committee has now disclosed its smart contract addresses on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
This significant achievement is the result of the committee's collaborative efforts with partners through a fully transparent procurement process, including: token issuance through LayerZero, blockchain infrastructure provided by Fireblocks, reserve management by Franklin Advisers, open-source intelligence support from Inca Digital, and financial audits and monthly validations conducted by The Network Firm.
In the coming days, users will be able to purchase FRNT on the Solana blockchain through the Wyoming-based digital exchange Kraken; simultaneously, the Rain Visa integrated card platform based on the Avalanche blockchain will also launch this token. Specific information on public purchasing will be announced by this office and the Stablecoin Committee.
About the Wyoming Stablecoin Committee
The committee was established under the Wyoming Stablecoin Act enacted in March 2023, responsible for issuing fully-backed stablecoins that comply with state legal and fiscal responsibility requirements. Its mission is to enhance financial transparency through blockchain innovation while promoting economic growth.