Wyoming Launches Visa-Backed FRNT Stablecoin on 7 Blockchains

Wyoming has taken a significant step in the integration of blockchain technology into public finance with the launch of the Frontier Stable Token (FRNT), a state-issued stablecoin supported by Visa and operating on seven major blockchains [1]. The Wyoming Stable Token Commission, an entity authorized by the state, announced the mainnet launch of the fully collateralized FRNT, which is backed by short-duration U.S. Treasury bills and U.S. dollars, with a 102% reserve requirement as mandated by statute [1]. This development marks a milestone in the state’s efforts to modernize financial infrastructure and promote digital asset adoption.

FRNT is currently live on Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base, though public availability is still pending due to regulatory hurdles [1]. The token’s launch was highlighted at the Wyoming Blockchain Symposium, an event co-hosted by SALT and Kraken, underscoring the state’s commitment to fostering blockchain innovation. According to Wyoming Governor Mark Gordon, the state has long been a leader in blockchain and digital asset legislation, having passed over 45 related laws since 2016 [1].

Visa’s support for FRNT enables the token to be used at any location where Visa is accepted, including through mobile payment platforms like Apple Pay and Google Pay, as well as physical card transactions [1]. This integration was confirmed by Ava Labs, an Avalanche developer, and aligns with Visa’s ongoing expansion of stablecoin settlement capabilities [1]. The token is also being distributed on the Solana blockchain via Wyoming-based exchange Kraken, with broader public availability expected to follow [1].

The FRNT stablecoin is viewed as a model for how government entities can leverage blockchain to enhance efficiency in public services, from vendor payments to tax refunds and social benefits [1]. According to Anthony Apollo, the commission’s executive director, FRNT represents a paradigm shift in how states can innovate within the digital economy [1]. The token’s use of LayerZero, a blockchain interoperability protocol, further highlights its cross-chain accessibility and broad utility [1].

This initiative reflects Wyoming’s proactive approach to integrating blockchain into its economic and administrative systems. As the first U.S. state to launch a Visa-supported stablecoin on multiple blockchains, Wyoming is setting a precedent for how governments can use digital assets to improve transparency and efficiency in public operations [1]. The rollout of FRNT remains a developing story, with further details expected as the token moves toward public distribution.

Source: [1] Cointelegraph (https://cointelegraph.com/news/wyoming-frnt-stablecoin-visa-support-7-blockchains)

[2] TradingView (https://www.tradingview.com/news/cointelegraph:bd70b3b35094b:0-wyoming-launches-visa-supported-frnt-stablecoin-on-7-blockchains/)