Source: Wyoming State Government Announcement
Translation by: Saoirse, Foresight News
Translator's Note: As a pioneer in digital financial innovation in the United States, Wyoming has been deeply engaged in the blockchain field since 2016, establishing a leading regulatory position through 45 pieces of legislation. The Stablecoin Committee, formed in 2023 under the Wyoming Stablecoin Act, has initially advanced the stablecoin WYST through multi-chain testing on Ethereum, Solana, and others, accumulating technical and operational experience. Now, the Frontier stablecoin FRNT mainnet has officially launched, building on the results of earlier explorations, making the state the first public entity in the U.S. to issue a blockchain-based stablecoin.
On August 19, 2025, the Wyoming Stablecoin Committee proudly announced the official launch of the Frontier stablecoin FRNT mainnet. This historic initiative makes Wyoming the first public entity in the U.S. to issue a blockchain-based stable token. FRNT aims to provide secure, transparent, and efficient digital transaction services for individuals, businesses, and institutions worldwide, solidifying Wyoming's leading position in digital finance and blockchain innovation.
Wyoming Governor and Committee Chair Mark Gordon stated, "For years, Wyoming has been at the forefront of blockchain, cryptocurrency, and digital asset regulation, having passed over 45 pieces of related legislation since 2016. Today, Wyoming reaffirms its commitment to financial innovation and consumer protection. The launch of the Frontier stablecoin mainnet will provide our citizens and businesses with a modern, efficient, and secure way to transact in the digital age."
The Frontier stablecoin will be fully backed by U.S. dollars and short-term government bonds, with these assets held in trust specifically for the benefit of token holders. The stability of FRNT is further reinforced by a legislative mandate requiring a 2% over-collateralization. The token has been jointly developed by top industry experts and partners, utilizing blockchain technology to enable instant transaction settlement, reduce fees, and enhance user convenience.
In collaboration with token issuance partner LayerZero, and with encouragement from the Wyoming Blockchain Special Committee to launch FRNT across multiple blockchain networks, the committee has successfully deployed FRNT on seven blockchain platforms through a rigorous candidate selection process. Due to the public accessibility and transparency of these blockchains, the committee has now published its smart contract addresses on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
This significant achievement is the result of the committee's collaboration with partners through a fully transparent procurement process, including token issuance via LayerZero, blockchain infrastructure provided by Fireblocks, reserve management by Franklin Advisers, open-source intelligence support from Inca Digital, and financial auditing and monthly verification conducted by The Network Firm.
In the coming days, users will be able to purchase FRNT on the Solana blockchain through the Wyoming-based digital exchange Kraken; simultaneously, the Rain Visa integrated card platform based on the Avalanche blockchain will also launch the token. Specific information on public purchasing will be provided by this office and the Stablecoin Committee in due course.
About the Wyoming Stablecoin Committee
The committee was established under the Wyoming Stablecoin Act enacted in March 2023, responsible for issuing fully backed stablecoins that comply with state laws and fiscal responsibility requirements. Its mission is to enhance financial transparency through blockchain innovation while promoting economic growth.
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