Wyoming First in U.S. to Issue Blockchain Stablecoin: FRNT Launches on 7 Blockchains

- Wyoming issues first U.S. state-backed stablecoin, FRNT. - FRNT live on seven blockchains, fully backed by U.S. dollars and treasuries, with revenue funding state education. Wyoming has made history by launching the Frontier Stable Token (FRNT), the first state-backed stablecoin in the United States. The Wyoming Stable Token Commission officially announced the mainnet launch of FRNT on August 19, 2025. The stablecoin is fully collateralized by U.S. dollars and short-duration treasuries, and a legal mandate requires 2% overcollateralization. This milestone solidifies Wyoming’s leadership in blockchain innovation. FRNT operates across seven blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana, leveraging LayerZero’s cutting-edge blockchain interoperability protocol. To ensure transparency and compliance, Franklin Advisers manages its reserves, Fireblocks provides the blockchain infrastructure, and The Network Firm conducts monthly attestations and financial audits. On August 19, 2025, Governor Mark Gordon, chair of the Wyoming Stable Token Commission, said in a statement, “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.” FRNT is not yet available to the public, as it awaits regulatory clearance. Initial sales are planned on the Solana blockchain through Kraken and on the Avalanche blockchain via Rain’s Visa-integrated card platform. A pilot program successfully tested the token’s practical applications by using it for real-time payments to contractors, reducing transaction times from 45 days to mere seconds. The Wyoming Blockchain Symposium served as the launchpad for FRNT, emphasizing the state’s blockchain-forward approach to financial innovation. Notably, a portion of the interest generated from FRNT’s reserves will fund state education programs, which demonstrates the practical utility of blockchain-driven revenue models in public systems. As of August 19 at 20:08 UTC, the broader cryptocurrency market showed a dynamic environment. For instance, PayPal USD (PYUSD) held steady at $1.00 with its 24-hour trading volume increasing by 0.014%. In contrast, other assets experienced decreases in trading volume, with Solana (SOL) trading at $177.059 (down 3.326%), Arbitrum (ARB) at $0.48 (down 6.353%), and Avalanche (AVAX) at $22.517 (down 5.542%). This data underscores the dynamic backdrop of the cryptocurrency market. Wyoming’s Frontier Stable Token enters this ecosystem, setting a new precedent for government-backed blockchain projects.