Wyoming launches Visa-supported FRNT stablecoin on seven blockchains
Wyoming’s Stable Token Commission has launched the mainnet for the Frontier Stable Token (FRNT), marking one of the first instances of a U.S. state issuing a stablecoin. The commission says FRNT is a fully collateralized token backed by short-duration U.S. Treasury bills and U.S. dollars, and that a statutory 102% reserve requirement applies to its holdings.
The token went live across seven blockchains — Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base — through a technical integration that uses the LayerZero interoperability protocol to support multi-chain distribution. Despite the mainnet launch, the commission and local reporting note that FRNT is not yet available for public purchase because of remaining regulatory hurdles. Initial sales are expected to begin on the Solana network through Kraken, which is domiciled in Wyoming, with broader public distribution to be announced by the Stable Token Commission’s office.
Wyoming officials are promoting FRNT at the state’s Blockchain Symposium, an event hosted by SALT and Kraken. Governor Mark Gordon framed the launch as the next step in the state’s long-running push to adopt blockchain-friendly laws and modernize public finance, pointing to more than 45 pieces of related legislation passed since 2016. Ava Labs and other partners highlighted payment support for the token: FRNT will be usable anywhere Visa is accepted, including major mobile wallets such as Apple Pay and Google Pay, and via physical card channels.
The commission’s executive director described the token as a tool to speed government payments and enable programmable on-chain use cases, including faster vendor payments, tax refunds and social benefits. Ava Labs also noted that FRNT has previously been referenced under other names, such as Wyoming Stable Token (WYST) and Wyoming Electronic Stable Token (WEST). The commission says it will notify the public when purchases and wider distribution are authorized.
