Kraken Adds USDC–FRNT Swap Feature on Solana From Jan. 21
- Kraken launches USDC–FRNT swaps on Solana on Jan. 21, 2026, expanding market access.
- Wyoming’s FRNT debuted Jan. 7 as the first U.S. public-entity, fully reserved stablecoin.
- Franklin Templeton manages FRNT fiat reserves as Kraken targets retail and institutions.
Kraken will let users swap USD Coin and Frontier Stable Token on Solana starting January 21, 2026. The feature links a major exchange flow with a state-issued stablecoin. It also gives market participants a direct path between USDC and FRNT on a high-speed network. Wyoming officials say the token is fully reserved and designed for compliant digital payments. Franklin Templeton manages FRNT’s fiat reserves.
The swap connects USDC, a widely used stablecoin, with FRNT, a government-issued token. Wyoming launched FRNT on January 7, 2026. The state described it as the first fiat-backed, fully-reserved stablecoin issued by a public entity in the United States.
USDC–FRNT Swaps on Solana
Kraken’s support makes access simpler for retail and institutional users. It removes the need for complex routing between assets across networks. The product also expands the ways FRNT could be used and traded in a familiar exchange environment.
Solana is the blockchain used for the USDC to FRNT swaps. The listing adds a state-backed stablecoin to Solana’s payment-focused ecosystem. It also creates a faster bridge between a mainstream stablecoin and a regulated, state-issued alternative.
Wyoming said FRNT aims to improve speed and efficiency in digital payments. The state also said the token is built for transparency and compliance. Officials framed the coin as a way to modernize value transfer without sacrificing reserve integrity.
The state said Franklin Templeton manages the fiat reserves supporting FRNT. Wyoming stated that each token is backed by real money held in reserve. This reserve model is intended to provide clear backing and reduce uncertainty for users.
Wyoming has promoted itself as a supportive jurisdiction for digital assets. State leaders have tied FRNT to broader blockchain innovation efforts. The Wyoming Stable Token Commission has said the goal is to combine efficiency with transparent financial design.
Governor Mark Gordon, who chairs the Stable Token Commission, announced the public launch on January 7. He described FRNT as a public-entity stablecoin with full reserves. The state positioned the project as a new option for both individuals and institutions.
Wyoming Moves FRNT
Wyoming first announced the stablecoin plan in August 2025. The state said FRNT would become available for purchase on a Wyoming-domiciled cryptocurrency exchange and Special Purpose Depository Institution.
Related: Wyoming Debuts FRNT Stable Token With Full State Oversight
Officials said FRNT was launched on seven blockchains. The state also said it worked with private-sector partners for token issuance. It added that custody and financial audits were part of the development framework.
In an August 2025 statement, Governor Gordon highlighted payments as a key use case. He said FRNT could offer a more efficient and cost-effective option. He also said it could provide an added source of funding for Wyoming schools.
The swap structure may appeal to users looking for state oversight and explicit reserve claims. It also supports liquidity by placing FRNT in a major exchange venue. Kraken’s integration is focused on a simple swap path rather than a complex product layer.
For Solana, the addition supports its growing role in digital settlement. More stablecoin options could strengthen payment flows on the network. The listing also adds visibility to Solana as a venue for compliant stablecoin movement.
The Wyoming Stable Token Commission was established in March 2023 under the Wyoming Stable Token Act. The commission is tasked with issuing fully-backed stablecoins aligned with state law and fiscal responsibility.
With Kraken enabling swaps on January 21, FRNT’s distribution widens. The launch timeline shows Wyoming moving from policy design to live market access. The listing may also shape future discussions as more public entities consider similar tokens.
