The Wyoming Stable Token Commission has announced the mainnet launch of the Frontier Stable Token (FRNT), a fully-collateralised stablecoin backed by short-term US Treasury bills and US dollars. The stablecoin has a reserve requirement of 102%, set by state law, to ensure extra security and trust.
Live on Seven Blockchains
According to Eleanor Terrett, host of CryptoAmerica, the FRNT token is already live on seven blockchains — Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. However, she noted that regulatory issues mean the token is not yet available for public use.
The official launch announcement is expected to take place during the Wyoming Blockchain Symposium, organised by the finance platform SALT and crypto exchange Kraken.
Wyoming’s Push for Digital Assets
Governor Mark Gordon praised the development, highlighting Wyoming’s leadership in digital asset regulation. “For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016,” he said.
“The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”
The commission has partnered with LayerZero, a blockchain interoperability protocol, to ensure FRNT can operate across several networks. While FRNT cannot be purchased at launch, initial availability is expected soon on Solana through Wyoming-based Kraken exchange.
Public access will be officially announced by the commission before release.
In addition, Avalanche developer Ava Labs shared that FRNT will be usable anywhere Visa is accepted. This includes major payment platforms such as Apple Pay, Google Pay, and physical debit or credit cards.
A Step Forward in US Stablecoins
Anthony Apollo, executive director of the commission, called the launch a major milestone. “The issuance of FRNT signals a paradigm shift,” he said, pointing to Wyoming’s role as a pioneer in digital asset adoption and legislation in the United States.
