Wyoming Launches FRNT Stablecoin — First State-Backed Digital Dollar
Wyoming has made history with the launch of the Frontier Stable Token (FRNT), the first U.S. state-issued fiat-backed stablecoin. Developed under the Wyoming Stable Token Act, FRNT is fully reserved and backed one-to-one by U.S. dollars and short-duration Treasuries, with a 2% overcollateralization requirement.
Governor Mark Gordon announced the token's public availability, positioning Wyoming as a pioneer in state-level digital currency innovation. The project, overseen by the Wyoming Stable Token Commission, aims to generate revenue for the state's school programs while entering the $300 billion stablecoin market.
The launch culminates years of legislative work and regulatory scrutiny, marking a significant shift from policy experimentation to tangible blockchain implementation. FRNT's reserves are held in trust, with interest earnings directed toward public education funding.
