Wyoming has officially introduced its own state-issued stablecoin, the Frontier Stable Token (FRNT), according to an August 19 announcement.
The launch was carried out by the Wyoming Stable Token Commission, which was given authority to manage the project.
FRNT is designed as a fully backed token, with support from US dollars and short-term Treasury bills. The state also requires a reserve level of 102%, which ensures that the currency always has slightly more collateral than the amount issued.
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For now, regulatory checks are still in progress, though the stablecoin has already been deployed across several blockchain networks. According to CryptoAmerica host Eleanor Terrett, FRNT is live on Ethereum
A further announcement will take place during the Wyoming Blockchain Symposium, co-hosted by SALT and Kraken. Governor Mark Gordon said that the stablecoin will give residents and businesses a modern and reliable way to handle payments in the digital economy.
The commission also confirmed that the first purchases will begin on Solana through the Wyoming-based crypto exchange, Kraken
$559.59M
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To make FRNT usable across different blockchains, Wyoming has partnered with LayerZero, a protocol that allows tokens to move between networks. This setup ensures that FRNT can be transferred and used easily without being locked to a single system.
One of the features is that FRNT will be accepted through Visa’s payment network, according to a post on X by Avalanche developer Ava Labs. That means it can be spent anywhere Visa works, including Apple Pay, Google Pay, and standard debit or credit cards.
Japan’s Financial Services Agency (FSA) recently planned to approve yen-backed stablecoins in 2025, which will start with JPYC’s launch. What did the agency say? Read the full story.
