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Wyoming Launches First U.S. State‑Issued Stablecoin Across Seven Blockchains

Regulatory limits confine early access to Kraken alongside a Visa‑linked card platform.

Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more
FRNT stablecoin
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Ethereum solana Breaking Push CBDC stablecoin Wyoming Avalanche LayerZero WYST FRNT

Overview

  • FRNT is live on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon and Solana, issued using LayerZero’s omnichain standard.
  • Wyoming law requires 102% reserves held in U.S. dollars and short‑term Treasuries in trust for token holders.
  • Initial distribution is slated through Kraken on Solana and Rain’s Visa‑integrated card platform on Avalanche, with broader retail and DeFi availability pending regulatory clearance.
  • Interest earned on reserve assets will be transferred quarterly to the Wyoming School Foundation Fund.
  • A July pilot with Hashfire demonstrated real‑time government contractor payments, cutting timelines from weeks to seconds.