Wyoming has launched FRNT, the Frontier Stable Token, becoming the first US state to issue a blockchain-based digital asset.
The token was created under the Wyoming Stable Token Act and is overseen by the Wyoming Stable Token Commission.
FRNT is fully backed by reserves held in trust by the State of Wyoming and invested in US dollars and short-duration US Treasuries.
Reserve management is handled by Franklin Templeton, with custody provided by Fiduciary Trust Company International.
The stable token is natively issued on the Solana network and will expand to several additional blockchains.
Supported networks include Avalanche, Polygon, Arbitrum, Ethereum, Base and Optimism.
Cross-chain transfers are enabled through LayerZero, while Fireblocks provides secure infrastructure services.
FRNT is available for purchase via Kraken on Solana and through Rain, a Visa-powered card platform, on Avalanche.
This launch reflects Wyoming’s long-standing commitment to financial innovation and regulatory clarity.
Mark Gordon said.
Our collaboration with the State of Wyoming shows what is possible when public and private sectors work together.
Jenny Johnson said.
State officials said the programme aims to expand digital finance access while maintaining transparency and public accountability.
At the time of reporting, Solana price was $137.42.