In the United States, the state of Wyoming has become the first to officially launch its own stablecoin, receiving support from government entities and technical partners.
This is reported by Finway
Launch of Frontier Stable Token: Project Details
The Wyoming Stablecoin Commission has announced the market entry of its own stablecoin called Frontier Stable Token (FRNT). This project is significant for the region, as it marks the first time a government agency in the United States has acted as the issuer of a stablecoin on the blockchain.
FRNT is backed by U.S. dollars and short-term government bonds, with all assets held in a special trust for the benefit of token holders. To enhance reliability, there is an over-collateralization of 2% of the token volume. The token launch occurred simultaneously on seven blockchains: Ethereum, Arbitrum, Optimism, Polygon, Base, Avalanche, and Solana.
“Wyoming has been a leader in blockchain and digital assets for many years […] The launch of Frontier Stable Token provides our citizens and businesses with a modern tool for secure transactions in the digital age.”
Partners, Availability, and Regulatory Context
The technological infrastructure for FRNT was developed in collaboration with companies such as LayerZero, Fireblocks, Franklin Advisers, Inca Digital, and The Network Firm. In the coming days, the FRNT token will be available for purchase on the Kraken exchange in the Solana network and on the Rain platform with Visa integration in the Avalanche ecosystem.
It is worth noting that in July 2025, the U.S. House of Representatives approved three bills regulating the cryptocurrency market. In particular, the GENIUS Act establishes rules for stablecoins, creating a legal framework for their implementation in the country.