Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first state government in the United States to issue a blockchain-based stablecoin. Following the major milestone, the State Governor and Commissioner of Wyoming Stable Token Commission, Mark Gordon, announced the initiative.
Today, Commission Chairman & @GovernorGordon announced the mainnet launch of the Frontier Stable Token (FRNT).
This historic move marks Wyoming as the first public entity in the United States to issue a blockchain-based stable token. FRNT is designed to provide secure…
— Wyoming Stable Token Commission (@wyostable) August 19, 2025
From WYST to FRNT
Recall that in March, the agency partnered with LayerZero Labs to begin testing the stablecoin waters. At the time, it launched the Wyoming Stable Token (WYST) on the testnet of seven blockchains, including Solana, Ethereum, and Arbitrum. The agency further called on eligible residents to become “alpha WYST testers.”
Fast forward to today, after successful testing, the agency has released the mainnet variant of WYST; however, this time it rebranded as FRNT. The governor noted that the launch testifies to the state’s long-standing interest in blockchain and crypto. He claims FRNT will aid “citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”
Key Details About FRNT
Notably, stablecoins commonly have an underlying backing asset, and the same was said for FRNT. The agency claims it is fully backed by U.S. dollars and short-duration treasuries, held in trust for token holders. The token is also legislatively mandated to maintain at least 2% overcollateralization to foster confidence among its holders.
FRNT is available across the same blockchains where WYST was test-run, namely: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana. However, the token is currently purchasable only on Solana and Arbitrum via Kraken and Rain, respectively. The commission has published the smart contract addresses for each chain, reducing the impact of bad actors.
While LayerZero serves as the token issuance partner, Fireblocks provides blockchain infrastructure. Additionally, Franklin Advisers manages the reserves, Inca Digital oversees open-source intelligence, and The Network Firm conducts monthly audits and attestations.
Other Nations Show Interest in Stablecoins
Governments around the world are making efforts to issue state-backed stablecoins as part of their finance strategies. In Asia, Hong Kong has advanced plans for a stablecoin linked to its yuan. South Korean lawmakers are making efforts to integrate stablecoins into the national financial system.
In Europe, the European Union is preparing a comprehensive legal framework for euro-denominated stablecoins, complementing the broader rollout of its digital euro pilot. Following the move, German firm AllUnity launched a BaFin-regulated euro-backed stablecoin.
Meanwhile, the Chinese government has urged domestic brokers and financial service providers to halt the promotion of stablecoins. Authorities argue that unregulated stablecoin activity poses risks to financial stability and investor protection. Notably, the country has launched its Central Bank Digital Currency (CBDC).
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