Wyoming Unveils First State-Backed Stablecoin Across Seven Blockchains

Frontier Stable Token Debuts Amid Expanding $265B Stablecoin Market

Wyoming has officially rolled out the Frontier Stable Token (FRNT), the first state-backed stablecoin in the United States, marking a milestone in both blockchain regulation and adoption. The launch follows years of research by the Wyoming Stable Token Commission and comes shortly after President Donald Trump signed the first federal stablecoin bill into law, providing a nationwide framework for issuers. FRNT is pegged to the U.S. dollar and designed for use by individuals, businesses, and institutions worldwide, positioning Wyoming at the center of digital finance innovation.

The token is structured with overcollateralization to safeguard stability, holding at least 102% in cash and short-term U.S. Treasurys under management at Franklin Advisers. This reserve model adds a layer of confidence to a stablecoin sector whose total supply currently stands at roughly $265 billion. FRNT will initially operate on seven blockchains — Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana — with interoperability powered by LayerZero and Fireblocks. Trading will soon begin on Solana through Kraken and on Avalanche through Rain’s Visa-integrated card platform, while Inca Digital has been tapped to provide surveillance and analytics services.

Wyoming has been building toward this launch since passing the Stable Token Act in 2023, which tasked regulators with creating a state-issued stablecoin framework. The initiative adds to the state’s history of pioneering crypto regulation, from recognizing DAOs as legal entities to licensing Special Purpose Depository Institutions known as “crypto-banks.” The commission’s work included testing FRNT on 11 blockchains during a pre-launch phase in July, when Aptos and Sei were also evaluated. Alternative versions such as the Wyoming Electronic Stable Token (WEST) and Wyoming Stable Token (WYST) remain under consideration as potential expansions of the project.

The debut of FRNT places Wyoming ahead of other states in merging public policy with blockchain technology, coinciding with a period of heightened institutional interest in stablecoins under the new federal framework. With crypto price movements and coin market cap shifts continuing to reshape the sector, Wyoming’s entry underscores how state-led initiatives could influence the broader crypto price index and future direction of digital asset regulation in the U.S.

This article has been refined and enhanced by ChatGPT.