Wyoming State-Backed Stablecoin FRNT Goes Live to Public

Wyoming's Frontier Stable Token (FRNT), the first stablecoin issued by a US state, has launched publicly after regulatory delays. Governor Mark Gordon stated it is the first fiat-backed, fully-reserved stable token issued by a public entity in the US, designed to offer cheaper, faster, and more transparent transactions while potentially funding schools and lowering taxpayer burdens. FRNT is fully backed by US dollars and short-duration US Treasurys, with interest income returned to the state. It is live on the Solana blockchain and available on Kraken, with bridging options to several other major chains. Local officials anticipate significant savings on transaction fees, as Converse County Treasurer Joel Schell noted that credit card processing costs amounted to about $70,000 last year. The Wyoming Stable Token Commission plans to scale FRNT throughout 2026 by onboarding more partners and deploying it across other state agencies.

(Source：Cointelegraph)