Wyoming Debuts FRNT Stable Token With Full State Oversight
- Wyoming launches FRNT as the first state-issued stable token in the United States.
- FRNT reserves are fully backed by cash and Treasuries under state trust oversight.
- Multi-chain FRNT deployment enables fast, low-cost transfers on Solana and Avalanche.
Wyoming has launched Frontier Stable Token, known as FRNT, and made it available to the public. The rollout marks the first state-issued stable token in the United States. The project moves digital assets into direct public oversight. It combines blockchain technology with state-managed reserves. Officials confirmed the launch after months of preparation and regulatory coordination across agencies.
The State of Wyoming announced that FRNT is now live for public use. The token was developed under the Wyoming Stable Token Commission. It is designed to operate with state-level accountability. The commission oversaw policy, structure, and compliance. The launch positions Wyoming as a leader in regulated digital finance.
FRNT Reserve Structure and Institutional Oversight
FRNT is backed by reserves held in trust by the State of Wyoming. These reserves consist solely of U.S. dollars and short-duration U.S. Treasury securities. The assets are managed under a regulated fiduciary framework. This structure aims to provide stability and transparency. State officials emphasized that reserve backing is central to the token’s design.
Franklin Templeton was selected as the strategic partner for reserves management. Its affiliate, Fiduciary Trust Company International, serves as custodian. The firm manages more than $1.6 trillion in assets globally. It brings experience in fixed income and digital asset operations. Wyoming cited institutional standards as a key reason for the selection.
Governor Mark Gordon said the launch reflects Wyoming’s long-standing focus on financial innovation. He stated that FRNT shows how regulation and technology can work together. The governor highlighted goals of lower costs and broader access. He also noted the importance of public trust. State leaders framed FRNT as a model for responsible digital finance.
Unlike privately issued stablecoins, FRNT operates under direct public oversight. Governance is tied to state law rather than corporate policy. Reserves are held in trust rather than on company balance sheets. This structure is intended to reduce governance risk. Officials said the design strengthens accountability.
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The token’s infrastructure supports multi-chain deployment. FRNT is available on both the Solana and Avalanche blockchains. Cross-chain functionality is enabled through LayerZero. Secure issuance and operations are supported by Fireblocks. These tools were selected to meet security and interoperability requirements.
FRNT Expands Public Access and Real-World Utility
Public access to FRNT is already available through established platforms. Kraken offers FRNT on the Solana network. Rain provides access to Avalanche through its Visa-powered card system. These channels allow users to acquire and spend the token. The state confirmed that additional access points may follow.
FRNT is designed for fast settlement and low transaction costs. Transactions can be completed in near real time. The token can be transferred globally without intermediaries. Officials said this utility extends beyond Wyoming residents. The state sees use cases for institutions and governments as well.
Franklin Templeton executives described the project as a public-private collaboration. They said it demonstrates how traditional finance can support digital systems. The firm highlighted its role across reserves, custody, and infrastructure. Executives pointed to compliance as a core focus. They described FRNT as a practical use of blockchain in public finance.
Earlier technical plans for the project were disclosed in August 2025. The current launch expands access to the general public. It also confirms operational readiness across networks. State officials said testing and audits preceded the release. The launch completes the initial phase of the program.
Wyoming has not positioned FRNT as a replacement for private stablecoins. Instead, officials described it as an alternative framework. The token is intended to show how states can issue digital assets responsibly. Policymakers said the model could inform future efforts. The launch places Wyoming at the center of that discussion.
