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FOR IMMEDIATE RELEASE
AUGUST 19 AT 5:00AM MT
Contacts: Janelle Collins
Michael Pearlman
Wyoming Launches Pioneering State-Issued Stable Tokens – The Frontier Stable Token Ushers in a New Era of Digital Finance
Cheyenne, WY — August 19, 2025 — The Wyoming Stable Token Commission proudly announces 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, transparent, and efficient digital transactions for individuals, businesses, and institutions – worldwide. This groundbreaking initiative cements Wyoming at the forefront of digital finance and blockchain innovation.
“For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016,” said Wyoming Governor Mark Gordon. “Today, Wyoming reaffirms its commitment to financial innovation and consumer protection. 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.” Gordon serves as Chairman of the Commission.
The Frontier Stable Token will be fully backed by U.S. dollars and short-duration treasuries, held in trust for the benefit of token holders. FRNT fortifies its stability with a legislatively-mandated remit to achieve 2% overcollateralization. Developed in collaboration with industry-leading experts and partners, FRNT leverages blockchain technology to offer instant transaction settlement, reduced fees, and enhanced accessibility for all users.
Through engagement with token issuance partner LayerZero, and achieving the Wyoming Select Committee on Blockchain’s encouragement to offer FRNT across multiple blockchain networks, the Commission has launched FRNT on seven blockchains selected through a robust candidacy process. As these blockchains are publicly accessible and transparent, the Commission can now share smart contract addresses on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
This monumental accomplishment was supported by partners engaged by the Commission through a thorough and transparent procurement process. These include token issuance through LayerZero, blockchain infrastructure through Fireblocks, reserves management through Franklin Advisers, open-source intelligence from Inca Digital, and financial audit and monthly attestations from The Network Firm.
FRNT will be made available for purchase on the Solana blockchain through Wyoming-domiciled digital asset exchange Kraken in the coming days, as well as Rain’s Visa-integrated card platform on the Avalanche blockchain. Public availability will be noticed with a distribution from this office and the Stable Token Commission.
For more information about the Frontier Stable Token and LSP onboarding resources, please visit https://stabletoken.wyo.gov.
Media Contact: Wyoming Stable Token Commission Email: [email protected]
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About Wyoming Stable Token Commission Established in March 2023 under the Wyoming Stable Token Act, the Commission is tasked with issuing fully-backed stablecoins that align with state laws and fiscal responsibility. Its mission is to enhance financial transparency while driving economic growth through blockchain innovation.
End of Release
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