Wyoming Debuts First State Stablecoin, FRNT, on 7 Blockchains

- Wyoming launches FRNT, the first U.S. state-backed stablecoin, collateralized by cash and U.S. Treasurys. - The new stablecoin targets global users and operates on seven blockchains. On August 19, 2025, Wyoming officially launched the Frontier Stable Token (FRNT), the first state-backed stablecoin in U.S. history. This pioneering digital asset targets both retail and enterprise users worldwide and operates seamlessly across seven blockchains: Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana. To ensure financial stability and robust investor confidence, the state fully backs FRNT with collateral exceeding 102%, which consists of cash and short-term U.S. Treasurys. The Wyoming Stable Token Commission spearheaded the launch of FRNT, building on the legislative foundation of the state’s Stable Token Act. This project positions Wyoming as a leader in blockchain innovation and solidifies its commitment to progressive digital finance solutions. Through FRNT, Wyoming aims to establish a competitive edge in the global digital economy and set high standards for transparency and stability for blockchain-based currencies. The debut of FRNT arrives as federal regulators advance stablecoin oversight. In July 2025, President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law, creating the first nationwide regulatory framework for stablecoins. The GENIUS Act requires asset backing with fully liquid reserves, such as cash and short-term U.S. Treasurys, while also mandating monthly reserve disclosures and mechanisms to address illicit financial activity. The act assigns oversight authority to the U.S. Treasury Department, underscoring the government’s increasing focus on stabilizing and securing the digital finance ecosystem. Although the FRNT mainnet is operational, public access requires additional regulatory clearances. Once available, users will initially access the token on two platforms: the Kraken exchange on the Solana blockchain and Rain’s Visa-integrated card platform on Avalanche. These services will go live shortly, marking a pivotal step in the token’s broader adoption. As of 17:09 UTC on August 19, Solana (SOL) was valued at $176.78, with its 24-hour trading volume declining by 3.09%. Meanwhile, Ethereum (ETH) traded at $4,135.54, as its trading activity decreased by 4.48%. Avalanche (AVAX) was priced at $22.63, a drop of 3.72%. These updates highlight market dynamics but are peripheral to FRNT’s foundational launch.