Just days after President Donald Trump signed the landmark GENIUS Act into law, Wyoming has made history by becoming the first U.S. state to launch its own blockchain-based stablecoin: the Frontier Stable Token (FRNT).
Announced Tuesday by the Wyoming Stable Token Commission, the FRNT aims to provide a secure, transparent, and efficient medium for digital transactions. The initiative reflects Wyoming’s longstanding leadership in blockchain regulation, having passed over 45 crypto-related laws since 2016.
Governor Mark Gordon, who chairs the Commission, called the launch a milestone for state-led innovation. “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,” he stated.
FRNT is fully backed by U.S. dollars and short-duration treasuries held in trust, with a legislated 2% overcollateralization to ensure additional stability. The token was designed in collaboration with key industry players to meet the compliance and risk-management standards outlined in the newly passed GENIUS Act.
To ensure maximum reach and interoperability, FRNT will be issued across seven major blockchains: Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana. This multi-chain strategy was supported by the Wyoming Select Committee on Blockchain and implemented in partnership with LayerZero, the token’s issuance provider.
Additional partners include Fireblocks for blockchain infrastructure, Franklin Advisers for reserve management, Inca Digital for blockchain intelligence, and The Network Firm for audit and attestation services.
The stablecoin will first be available on Kraken, the US-based crypto exchange headquartered in Wyoming, with Solana support. Users will also be able to transact with FRNT on Avalanche via Rain’s Visa-integrated card platform.
While the Treasury Department has backed the GENIUS Act, it has also called for public input on safeguarding digital assets from illicit use—signaling regulatory scrutiny will accompany innovation.
Wyoming’s FRNT launch is being closely watched as a blueprint for how states might engage directly in the stablecoin economy.
