Key Takeaways:
- Wyoming becomes the first U.S. state to officially issue a fully-collateralized, dollar-backed stablecoin, FRNT.
- FRNT is live on 7 major blockchains including Ethereum, Solana, and Avalanche, and will be usable anywhere Visa is accepted.
- Backed by U.S. Treasuries and dollars, FRNT features 102% overcollateralization and aims to modernize public financial systems.
Wyoming has just redrawn the U.S. crypto landscape. Historically the state put forward the Frontier Stable Token (FRNT) and has become a pioneer in blockchain-based finance. That is what you should know about this game changer developing.
Wyoming Breaks New Ground in State-Issued Digital Currency
On August 19, 2025, in a move of national significance, Wyoming formally launched the FRNT as the first U.S. state that managed to issue a blockchain-based stablecoin via a government body. The FRNT can be used in both the private and public sectors where real-time settlements, low fees and cross-chain interoperability can be used between blockchain networks.
The governor, Mark Gordon also occupies a position as the chairman of the Wyoming Stable Token commission, noting the commitment long-term sustainable commitment to digital asset innovation:
“The launch of FRNT reflects Wyoming’s leadership in responsible blockchain regulation and our drive to modernize financial infrastructure.”
Read More: Study: Gen Z Is All In on Stablecoins While Boomers Hesitate
What Is FRNT? A Fully-Collateralized, State-Backed Stablecoin
FRNT is a fiat-backed stable coin backed by the U.S.Dollar at its origins, though with a structural twist: the stable coin is overcollateralized by 102% with U.S.Dollars and short term treasury bills; that are held in trust.
Key Features of FRNT:
- Regulatory oversight: Governed by the Wyoming Stable Token Commission, formed under the 2023 Wyoming Stable Token Act.
- Overcollateralization: A legal requirement ensures FRNT always maintains more reserves than tokens issued.
- Real-time utility: Transactions settle instantly, with the infrastructure built to scale both government and enterprise-grade applications.
- Programmable potential: FRNT is structured to support smart contracts for payments, refunds, vendor compensation, and more.
The system was developed in collaboration with multiple key players:
- LayerZero for multichain token issuance
- Fireblocks for blockchain infrastructure
- Franklin Advisers for reserve management
- The Network Firm for financial audit and attestations
- Inca Digital for open-source intelligence
FRNT Launches Across 7 Major Blockchains
FRNT does not apply to a single blockchain. Rather, it has been deployed across a handpicked seven networks, based on a mix of interoperability with other networks, performance, and ecosystem maturity:
- Ethereum
- Solana
- Avalanche
- Arbitrum
- Optimism
- Polygon
- Base
Such a multichain system enables extensive access and deployment within DeFi systems and the real-world payment frameworks.
The decision to avoid chains like Cardano and Ripple has sparked some controversy. Cardano founder and Wyoming resident Charles Hoskinson criticized the exclusion, claiming the procurement process may have violated state laws. Despite this, the Commission has stood by its selection criteria, citing performance, integration, and institutional readiness as key filters.
Visa Integration, Kraken Listings & Real-World Applications
Perhaps the most impactful aspect of the FRNT launch is its real-world usability. FRNT is set to be available for use anywhere Visa is accepted, including via:
- Apple Pay
- Google Pay
- Physical Visa cards
Initial on-chain availability will begin on Solana, through Wyoming-based exchange Kraken, with further integrations coming through the Rain platform on Avalanche.
Real Government Use Cases Already Tested
Wyoming piloted another FRNT-based protocol; a vendor payment program was developed by Hashfire in July 2025. The result?
It reduced payment times only to a few seconds resulting in an efficiency gain of 99.9%.
This pilot made an emphatic statement that the government services run on blockchain can indeed perform better than legacy systems not only in theory, but in actual practice as well.
Executive Director Anthony Apollo commented:
“We now have a model that proves public sector innovation can be both transparent and radically efficient.”
Read More: Japan Set to Approve First Yen-Backed Stablecoin
A Model for Other States & Governments?
The FRNT isn’t just another stablecoin. It represents the first functioning model of a programmable, state-backed digital asset designed for direct citizen and enterprise interaction.
With federal discussions heating up around stablecoin regulation including the recently passed GENIUS Act, which offers clearer regulatory pathways; Wyoming’s launch could set the precedent for a new class of government-issued digital assets.
Other states, including Texas and Florida, have explored digital asset strategies, but none have deployed a live, operational product like FRNT. With monthly attestations, transparent smart contracts, and a cross-chain structure, Wyoming has effectively published a blueprint for responsible public-sector blockchain adoption.
