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.