Wyoming’s Stablecoin Sets New Standard for Government Blockchain Innovation

Wyoming’s state-backed stablecoin, the Frontier Stable Token (FRNT), is set to expand its presence on the Hedera blockchain after being selected as the sole additional platform for the token following a rigorous evaluation process by the Wyoming Stable Token Commission (WYST). The announcement, made at a recent commission meeting, positions Hedera as a strategic partner for FRNT, which was created under the Wyoming Stable Token Act of 2023 and represents the first state-issued stable token in the United States. The stablecoin is fully backed by U.S. dollars and short-term Treasuries, with an additional two percent reserve to ensure stability, while the interest earned from these investments will fund Wyoming’s School Foundation Program, supporting education across the state [2].

The selection of Hedera was based on its ability to meet stringent criteria for speed, reliability, and regulatory alignment. Hedera offers fast settlement times, predictable costs, and a carbon-negative network capable of processing up to 10,000 transactions per second. These characteristics make it well-suited for real-world financial applications, including retail transactions, tax refunds, and emergency disbursements. Mance Harmon, Co-Founder of Hedera and Chairman of the Hedera Council, emphasized that Wyoming’s adoption of Hedera sets a precedent for other states and global entities seeking to implement responsible blockchain-based financial solutions [2].

FRNT, which was initially launched on seven blockchains in August 2025—Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base—has been piloted for use in areas such as contractor payments and public services. While the Wyoming Stable Token Commission had anticipated the token being available for purchase shortly after its launch, as of late September 2025, no direct purchase option was yet accessible. Hedera has stated that more information on purchasing the token will be available "soon," suggesting a phased rollout approach to its broader availability [1].

The move aligns with broader trends of U.S. states embracing blockchain and digital assets as tools for modernizing public finance. Wyoming, in particular, has emerged as a pro-crypto policy leader, having passed several blockchain-friendly laws in recent years. The state’s regulatory environment has attracted blockchain companies, including cryptocurrency exchange Kraken, which announced plans to relocate its global headquarters to Cheyenne in June 2025 [1]. This development reflects a growing consensus that blockchain technology can enhance transparency, reduce costs, and improve the efficiency of financial services in both the public and private sectors.

The integration of FRNT onto the Hedera network also highlights the growing role of public sector initiatives in the blockchain space. With its unique governance structure and institutional oversight, Hedera provides a framework for scalable and secure blockchain deployments, particularly in regulated environments. Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, stated that the decision to include Hedera was driven by its technical advantages and alignment with the commission’s goals of security and compliance [2]. This collaboration signals a broader shift toward the use of blockchain in government operations, particularly as more states explore digital asset frameworks to support economic development and public services.

As FRNT continues its expansion onto new blockchains, including Hedera, it remains to be seen how this will impact the token’s adoption and market performance. Analysts will likely be watching closely for signs of increased liquidity, usage in real-world applications, and regulatory developments that could influence its trajectory. With a strong foundation in U.S. dollars and a clear public benefit model, FRNT is positioned to serve as a model for future state-backed digital assets [2].

Source:

[1] Wyoming Stablecoin To Launch On Hedera, Still Not ... (https://cointelegraph.com/news/wyoming-stablecoin-hedera-blockchain)

[2] Hedera Selected for Wyoming's Frontier Stable Token ... (https://hedera.com/blog/hedera-selected-for-wyomings-frontier-stable-token-frnt-the-first-u-s-state-issued-stable-token)

[3] Hedera Blog (https://hedera.com/blog)