Wyoming has launched the Frontier Stable Token (FRNT), making it the first public entity in the United States to issue a stablecoin. The Wyoming Stable Token Commission announced the mainnet launch, positioning the state as a pioneer in government backed digital finance initiatives.

The token is backed by US dollars and short duration treasury securities, maintained in trust for token holders and managed by Franklin Advisers. Wyoming has implemented a legislative mandate requiring 2% overcollateralization to enhance stability beyond standard backing ratios.

FRNT launches across seven blockchain networks including Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana, with blockchain interoperability enabled through LayerZero.

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