Wyoming Launches First U.S. State Stablecoin FRNT on 7 Blockchains

Wyoming has launched the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a fully-collateralized, dollar-backed stablecoin. The token, launched on August 19, 2025, is backed by U.S. Treasuries and dollars with 102% overcollateralization, and it operates under the oversight of the Wyoming Stable Token Commission, established under the 2023 Wyoming Stable Token Act [1]. FRNT is live on seven major blockchains, including Ethereum, Solana, and Avalanche, and will be usable at any Visa-accepting location, including via Apple Pay, Google Pay, and physical Visa cards [1].

The initiative is part of a broader push to modernize financial infrastructure and promote real-time settlements with low fees and cross-chain interoperability. Governor Mark Gordon, who also chairs the Wyoming Stable Token Commission, emphasized the state’s commitment to responsible blockchain innovation and long-term digital asset development [1]. The project was developed in collaboration with key industry partners, including LayerZero for multichain token issuance, Fireblocks for infrastructure, Franklin Advisers for reserve management, and Inca Digital for intelligence and transparency [1].

FRNT’s deployment spans a mix of high-performance, mature, and interoperable blockchains: Ethereum, Solana, Avalanche, Arbitrum, Optimism, Polygon, and Base [1]. The exclusion of other chains, such as Cardano and Ripple, has sparked debate, with Cardano founder Charles Hoskinson alleging potential legal issues with the procurement process. However, the commission has defended its choices, citing institutional readiness and technical compatibility as key criteria [1].

The stablecoin’s real-world utility was tested in a pilot program by Hashfire in July 2025, which demonstrated a 99.9% improvement in payment efficiency by reducing transaction times to just seconds. This successful trial underscores the practical benefits of blockchain in government operations and has provided a model for transparent and efficient public-sector innovation [1]. Executive Director Anthony Apollo noted that the project demonstrates how digital assets can be integrated into public services effectively [1].

With federal regulatory discussions on stablecoins gaining momentum, including the passage of the GENIUS Act, Wyoming’s initiative could serve as a blueprint for other U.S. states and governments considering digital asset adoption. While states like Texas and Florida have explored similar strategies, none have yet launched an operational product like FRNT [1]. The model includes monthly attestations, transparent smart contracts, and a cross-chain structure, reinforcing its role as a responsible and scalable approach to public-sector blockchain use [1].

FRNT marks a pivotal moment in state-level blockchain adoption, offering a programmable, state-backed digital asset that supports smart contracts and real-time transactions. It reflects a broader shift toward modernizing financial infrastructure and demonstrates how governments can leverage blockchain technology to enhance efficiency and transparency [1].

Source: [1] Wyoming Shakes Up Crypto with First-Ever State-Issued Stablecoin Live on 7 Blockchains (https://www.cryptoninjas.net/news/wyoming-shakes-up-crypto-with-first-ever-state-issued-stablecoin-live-on-7-blockchains/)