Overview
- FRNT is live natively on Solana, purchasable on Kraken, and accessible cross‑chain via LayerZero/Stargate with availability through Rain on Avalanche.
- Reserves consist of U.S. dollars and short‑term Treasuries managed by Franklin Templeton, with custody by Fiduciary Trust Company International in a Wyoming trust.
- State law requires full backing with additional buffers, and interest from the reserves goes to the Wyoming School Foundation Fund rather than to token holders.
- The token currently offers no yield to holders, though the Stable Token Commission says the feature remains under consideration.
- Early trading and adoption are modest, and the commission plans a January 15 review meeting to assess progress and next steps.