Wyoming Releases State-backed FRNT Stablecoin to the Public

Wyoming has officially launched its Frontier Stable Token (FRNT), marking a historic moment as the first U.S. state to issue a fully reserved, fiat-backed stablecoin for public use. Governor Mark Gordon confirmed the release follows months of regulatory and operational review.

The Wyoming Stable Token Commission announced FRNT is now available on Kraken, a Wyoming-domiciled cryptocurrency exchange. This deployment positions Wyoming at the center of the approximately $300 billion stablecoin market.

Gordon described FRNT as the first stable token issued by a public entity in the United States. The move transforms years of policy development into real-world, on-chain execution.

Today, the Commission made the Frontier Stable Token available for public purchase through Wyoming-domiciled cryptocurrency exchange @krakenfx.

Kraken customers can now access "FRNT" at the link below.https://t.co/bRfiOAS9gI

— Wyoming Stable Token Commission (@wyostable) January 7, 2026

The stablecoin aims to deliver faster, cheaper, and more transparent payments. Additionally, it seeks to generate new funding for public education while easing the financial burden on Wyoming taxpayers.

Full Reserve Backing and Multi-Chain Architecture Power FRNT Launch

FRNT operates under the Wyoming Stable Token Act and is governed by the seven-member Wyoming Stable Token Commission, established in March 2023. The commission evaluated whether a state-issued digital dollar could function within existing legal frameworks.

Each FRNT token is backed one-to-one by U.S. dollars and short-term U.S. Treasurys held in trust. Wyoming law mandates an additional 2% overcollateralization buffer for added security.

Franklin Advisers manages the reserve assets, while The Network Firm conducts monthly attestations and audits. Any interest earned from the reserves flows directly into Wyoming’s public education fund.

The token launched natively on the Solana blockchain. However, users can bridge FRNT to Ethereum, Arbitrum, Avalanche, Base, Optimism, and Polygon through Stargate.

This multi-chain approach emphasizes interoperability from day one. FRNT is also accessible via Rain, a Visa-powered card platform built on Avalanche, extending utility beyond crypto-native audiences.

State officials highlight practical cost savings as a key benefit. Converse County Treasurer Joel Schell noted his office processed roughly $3.4 million in credit card payments last year.

Those transactions cost residents approximately $70,000 in processing fees. In contrast, FRNT enables near-instant, dollar-denominated transfers with fees of roughly one cent per transaction.

Pilot Testing Sets Stage for Broader 2026 Expansion Plans

Wyoming began testing FRNT earlier this year, with a significant rollout occurring in October. The state issued 100,000 FRNT tokens on each of its seven supported blockchains during that phase.

Data from Dune Analytics, compiled by researcher Marcov, confirmed token deployment across Solana, Ethereum, Arbitrum, Base, Optimism, Polygon, and Avalanche C-Chain.

The October launch represented the first real-world test of FRNT’s multi-chain design following its mainnet launch in August. By distributing tokens simultaneously across major networks, Wyoming assessed live, on-chain performance.

Today, Commission Chairman & @GovernorGordon announced the mainnet launch of the Frontier Stable Token (FRNT).

This historic move marks Wyoming as the first public entity in the United States to issue a blockchain-based stable token. FRNT is designed to provide secure…

— Wyoming Stable Token Commission (@wyostable) August 19, 2025

Meanwhile, the Wyoming Stable Token Commission has outlined expansion plans for 2026. The roadmap includes onboarding additional resale partners and increasing adoption across state agencies.

The commission also plans to collaborate with other public entities exploring their own stablecoin initiatives. Executive Director Anthony Apollo stated the commission reviews new blockchains quarterly for potential future integrations.

Private issuers have traditionally dominated the stablecoin sector. Wyoming’s entry now introduces a new model blending digital payments with direct public oversight and accountability.

The state’s approach could serve as a template for other jurisdictions considering government-backed digital currencies. FRNT represents a significant shift in how public entities engage with blockchain technology.