Wyoming, long recognized for its openness to blockchain and digital finance, has introduced a major innovation: the Frontier Stable Token (FRNT). This fully reserved, dollar-backed stablecoin is issued directly by a state institution, marking the first time in the United States that a public entity provides trust in a digital asset.
By making FRNT accessible to the general public, Wyoming reinforces its pioneering role in blockchain regulation and innovation.
A project initiated in summer 2025
Although the token is now available, the initiative was set in motion in August 2025. On 19 August, the Wyoming Stablecoin Commission officially announced FRNT’s launch on the state’s blockchain network in Cheyenne.
Governor Mark Gordon highlighted the state’s long-standing commitment to blockchain, noting that Wyoming has passed more than 45 related laws since 2016. The goal, he explained, was to provide residents and businesses with a secure, modern tool for digital transactions.
To implement the project, Wyoming partnered with leading organisations: LayerZero for token issuance, Fireblocks for infrastructure, Franklin Advisers for reserve management, and The Network Firm for financial audits. This collaboration was designed to ensure the stability, security, and reliability of the system.
Innovation and Compliance: The “Wyoming Way”
The FRNT initiative combines innovation with strict regulatory adherence. According to Governor Gordon, the objective is to lower costs, increase access to digital currency, and reassure users, while fully complying with the law.
Jenny Johnson, CEO of Franklin Templeton, highlighted that the project demonstrates how public-private collaboration can modernize financial infrastructure safely and efficiently.
A public framework focused on security and usability
FRNT operates under a fully reserved model, with each token backed by fiduciary reserves. The design ensures stability and auditability while remaining accessible to any internet-connected entity. Unlike traditional banking systems, FRNT operates 24/7, enabling near-instant transactions and minimizing cross-border transfer costs.
Now available on Kraken and 7 Major Blockchains
FRNT is already available on the Kraken exchange and integrated with Rain’s Visa card platform for daily use via Avalanche. Additionally, the token has been deployed across seven major blockchains—Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana—allowing users to interact through smart contracts in a multi-chain ecosystem.
Institutional positioning and business model
FRNT introduces a public oversight model to a market largely dominated by private stablecoins. This approach shifts competition to the institutional level while maintaining a pragmatic financial structure: backing via treasury bills aims to generate returns for local finances, providing an alternative revenue source to taxation.
With the token now live, Wyoming aims to demonstrate FRNT’s practical effectiveness and its potential to serve as a standard for secure, state-backed digital assets in the U.S.
