{"id":"frontier-stable-token","title":"Frontier Stable Token (FRNT)","content":"**Frontier Stable Token (FRNT)** is a state-issued [stablecoin ](https://iq.wiki/wiki/stablecoin)launched by the U.S. state of Wyoming on August 19, 2025, and made available to the public on January 7, 2026. It is a fully collateralized digital token pegged 1:1 to the U.S. dollar and backed by short-duration U.S. Treasury bills and cash reserves managed by global investment firm Franklin Templeton. The token maintains a legally mandated 2% overcollateralization to ensure stability. [\\[1\\]](#cite-id-UCkLyquwm4) [\\[2\\]](#cite-id-5sVcNjbNou) [\\[5\\]](#cite-id-dkt1TCqoewhSrym0)​ [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\n[YOUTUBE@VID](https://youtube.com/watch?v=-s6agi-dETQ)\n\n## Overview\n\nFRNT, the [Frontier](https://iq.wiki/wiki/frontier) [Stable](https://iq.wiki/wiki/stable) Token, is a state-issued [stablecoin](https://iq.wiki/wiki/stablecoin) created by the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Commission and officially launched on August 19, 2025. It is the first [stablecoin](https://iq.wiki/wiki/stablecoin) issued by a U.S. state government, marking Wyoming’s role as an early mover in government-backed digital assets. FRNT is designed to maintain a one-to-one [peg](https://iq.wiki/wiki/currency-peg) with the U.S. dollar through reserves composed of dollars and short-term U.S. Treasuries, with an additional 2% overcollateralization mandated by law to provide added stability. The reserves are managed by Franklin Templeton, with digital asset infrastructure provided by Fireblocks. The Network Firm provides audits and monthly attestations, and [LayerZero](https://iq.wiki/wiki/layerzero) facilitates its cross-chain deployment. [\\[5\\]](#cite-id-dkt1TCqoewhSrym0) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\nAt launch, FRNT was available across seven [blockchains](https://iq.wiki/wiki/blockchain), including [Arbitrum](https://iq.wiki/wiki/arbitrum), [Avalanche](https://iq.wiki/wiki/avalanche), [Base](https://iq.wiki/wiki/base), [Ethereum](https://iq.wiki/wiki/ethereum), [Optimism](https://iq.wiki/wiki/optimism), [Polygon](https://iq.wiki/wiki/polygon), and [Solana](https://iq.wiki/wiki/solana). The token’s introduction comes amid a $285 billion [stablecoin](https://iq.wiki/wiki/stablecoin) market dominated by private issuers like [Tether](https://iq.wiki/wiki/tether) and [Circle](https://iq.wiki/wiki/circle). On January 7, 2026, FRNT was made available to the public for purchase through the Wyoming-based cryptocurrency exchange [Kraken](https://iq.wiki/wiki/kraken). Governor Mark Gordon stated, \"The launch of FRNT marks a defining moment in our state’s continued leadership.\" Its structure distinguishes it as a public-sector initiative exempt from certain federal oversight typically applied to private companies. The initial launch announcement was made at the Wyoming [Blockchain](https://iq.wiki/wiki/blockchain) Symposium, co-hosted by [Kraken](https://iq.wiki/wiki/kraken) and SALT, highlighting the state’s broader push to create a favorable legal environment for [blockchain](https://iq.wiki/wiki/blockchain) adoption. [\\[1\\]](#cite-id-UCkLyquwm4) [\\[3\\]](#cite-id-kOgO5UTmm4) [\\[4\\]](#cite-id-wg7dURFYOa) [\\[5\\]](#cite-id-dkt1TCqoewhSrym0) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\n[YOUTUBE@VID](https://youtube.com/watch?v=UR8lU0rAhGo)\n\n### History\n\nThe development of the [Frontier](https://iq.wiki/wiki/frontier) [Stable](https://iq.wiki/wiki/stable) Token is a direct result of Wyoming's long-standing efforts to create a favorable regulatory environment for the digital asset industry. Since 2016, the state has enacted over 45 pieces of legislation related to [blockchain](https://iq.wiki/wiki/blockchain) technology and [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), establishing itself as a leading jurisdiction for digital innovation in the United States. This legislative groundwork paved the way for the creation of the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Commission—the government body tasked with overseeing the issuance and management of FRNT—under the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Act of 2023. [\\[1\\]](#cite-id-UCkLyquwm4) [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR)​\n\nWyoming Governor Mark Gordon, who also serves as the chair of the commission, highlighted the state's proactive approach:\n\n> “For years, Wyoming has been the leading state on blockchain, cryptocurrency, and digital asset regulation, passing over 45 pieces of legislation since 2016. The mainnet launch of the \\[\\[Frontier] - (<https://iq.wiki/wiki/frontier>)] - (\\[<https://iq.wiki/wiki/frontier>] - (<https://iq.wiki/wiki/frontier>)) \\[\\[Stable] - (<https://iq.wiki/wiki/stable>)] - (\\[<https://iq.wiki/wiki/stable>] - (<https://iq.wiki/wiki/stable>)) Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”\n\nBefore its official launch under the name FRNT, the project was referred to by other names, including Wyoming [Stable](https://iq.wiki/wiki/stable) Token (WYST) and Wyoming Electronic [Stable](https://iq.wiki/wiki/stable) Token (WEST). [\\[1\\]](#cite-id-UCkLyquwm4) [\\[2\\]](#cite-id-5sVcNjbNou)​\n\n[YOUTUBE@VID](https://youtube.com/watch?v=pHplKfWfCUg)\n\n### Governance and Economic Model\n\nFRNT is managed by the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Commission, a state government body established by the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Act of 2023. The commission, led by Executive Director Anthony Apollo, has described FRNT as a \"constitutionally protected public asset\" rather than a central bank digital currency (CBDC) and has stated the token will not be subject to discretionary transaction restrictions. [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR) [\\[5\\]](#cite-id-dkt1TCqoewhSrym0)​\n\nA key feature of FRNT's economic model is its public benefit mechanism. Unlike privately issued stablecoins that often channel revenue to corporate treasuries, the net revenue earned quarterly from the U.S. Treasury bills backing FRNT is directed to Wyoming’s School [Foundation](https://iq.wiki/wiki/foundation) Program to support state education. [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR) [\\[5\\]](#cite-id-dkt1TCqoewhSrym0) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\nIn addition to its public funding model, the commission has identified offering a yield to token holders as a key priority. While FRNT did not provide yield at its public launch in January 2026, officials confirmed they were actively working toward implementing this feature. Wyoming State Senator Chris Rothfuss stated, “We understand the incredible market demand for a yield-bearing \\[stablecoin], so we have talked about it internally, and are prioritizing work towards it.” [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\n## Technology\n\nThe Frontier Stable Token is structured as a multi-chain asset to maximize accessibility and integration within [decentralized finance](https://iq.wiki/wiki/defi). It utilizes [LayerZero's](https://iq.wiki/wiki/layerzero) Omnichain Fungible Token (OFT) standard, which enables the seamless movement of assets across independent [blockchains](https://iq.wiki/wiki/blockchain). This design prevents FRNT from being confined to a single network and positions it for use in a wide range of applications, exchanges, and platforms. Its digital asset infrastructure is provided by Fireblocks. [\\[5\\]](#cite-id-dkt1TCqoewhSrym0) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\nAt launch, it was deployed on [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), [Arbitrum](https://iq.wiki/wiki/arbitrum), [Avalanche](https://iq.wiki/wiki/avalanche), [Polygon](https://iq.wiki/wiki/polygon), [Optimism](https://iq.wiki/wiki/optimism), and [Base](https://iq.wiki/wiki/base). In Q2 2025, the Wyoming [Stable](https://iq.wiki/wiki/stable) Token Commission selected [Hedera](https://iq.wiki/wiki/hedera) as an additional network for FRNT's deployment. The commission cited [Hedera](https://iq.wiki/wiki/hedera)'s high transaction speeds, low and predictable fees, regulatory alignment, and carbon-negative status as key factors in its decision. This expansion reflects Wyoming’s intent to establish FRNT as a broadly usable digital currency rather than a chain-specific asset. [\\[1\\]](#cite-id-UCkLyquwm4) [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR)​\n\n## Tokenomics\n\nThe [Frontier](https://iq.wiki/wiki/frontier) [Stable](https://iq.wiki/wiki/stable) Token (FRNT) is structured around a conservative reserve model to maintain stability and reliability, with each token [pegged](https://iq.wiki/wiki/currency-peg) 1:1 to the U.S. dollar. Its reserves consist of U.S. dollars and short-term U.S. Treasury bills, chosen for their liquidity and low risk, which are managed by Franklin Templeton. Wyoming law requires the commission to maintain reserves of at least 102% of the circulating supply, creating an over-collateralized buffer to safeguard redemptions. All reserve assets are kept in a legally separate trust, ensuring protection for token holders. Unlike algorithmic [stablecoins](https://iq.wiki/wiki/stablecoin), FRNT relies on fully backed and audited assets to uphold its [peg](https://iq.wiki/wiki/currency-peg). [\\[1\\]](#cite-id-UCkLyquwm4) [\\[2\\]](#cite-id-5sVcNjbNou) [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\n## Adoption\n\nFRNT is positioned for both public and private sector uses, with a major integration through Visa, enabling payments at any merchant on its network. It is also compatible with Apple Pay, Google Pay, and physical cards, broadening its reach across digital and traditional payment systems. The Wyoming [Stable](https://iq.wiki/wiki/stable) Token Commission has piloted FRNT for government applications, including contractor payments and emergency disbursements, to increase efficiency and transparency in state-level financial processes. [\\[6\\]](#cite-id-h7wzfJUQLZP1VMaR)​\n\nOn January 7, 2026, FRNT was officially made available for public purchase. [Kraken](https://iq.wiki/wiki/kraken), a Wyoming-based exchange, was the first platform to list the token, initially offering it on the [Solana](https://iq.wiki/wiki/solana) blockchain. Broader availability on other platforms is expected to follow future announcements from the commission. [\\[1\\]](#cite-id-UCkLyquwm4) [\\[2\\]](#cite-id-5sVcNjbNou) [\\[5\\]](#cite-id-dkt1TCqoewhSrym0) [\\[7\\]](#cite-id-UWwqiGiNRSaIUpLA)​\n\n## Partnerships\n\n* Franklin Templeton\n* [LayerZero](https://iq.wiki/wiki/layerzero)\n* Fireblocks\n* [Kraken](https://iq.wiki/wiki/kraken)\n* Visa\n* Rain Card\n* Ava Labs\n* [Hedera](https://iq.wiki/wiki/hedera)","summary":"Frontier Stable Token (FRNT) is the first stablecoin issued by a US state, launched by the Wyoming Stable Token Commission. It is fully collateralized by US dol...","images":[{"id":"QmYtRKjv3thZgU9kbonfrY2FXSibG14aDSjqzhxvrTk67r","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"Government"},{"id":"Regulations"}],"media":[{"id":"https://www.youtube.com/watch?v=pHplKfWfCUg","size":null,"name":"pHplKfWfCUg","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=-s6agi-dETQ","size":null,"name":"-s6agi-dETQ","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=UR8lU0rAhGo","size":null,"name":"UR8lU0rAhGo","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/frontier-stable-token/"},{"id":"website","value":"https://stabletoken.wyo.gov/"},{"id":"github_profile","value":"https://github.com/wyostable/wyostable/"},{"id":"twitter_profile","value":"https://twitter.com/wyostable"},{"id":"etherscan","value":"https://etherscan.io/token/0x5E817F2AbCCB9095585D26c2a3ce234a440574Fc"},{"id":"references","value":"[{\"id\":\"UCkLyquwm4\",\"url\":\"https://cointelegraph.com/news/wyoming-frnt-stablecoin-visa-support-7-blockchains\",\"description\":\"Cointelegraph report on FRNT launch\",\"timestamp\":1755619787250},{\"id\":\"5sVcNjbNou\",\"url\":\"https://cryptoslate.com/wyoming-unveils-frnt-state-stablecoin-joining-the-battle-in-the-285b-arena/\",\"description\":\"CryptoSlate coverage of Wyoming's stablecoin\",\"timestamp\":1755619787250},{\"id\":\"kOgO5UTmm4\",\"description\":\"FRNT Launches | Archive\",\"timestamp\":1755625576986,\"url\":\"https://archive.is/7q6Do#selection-1495.0-1549.363\"},{\"id\":\"wg7dURFYOa\",\"description\":\"Frontier Stable Token Debuts | Blockchain Reporter\",\"timestamp\":1755625677045,\"url\":\"https://blockchainreporter.net/frontier-stable-token-frnt-debuts-rain-issued-card-on-avalanche-for-everyday-stablecoin-spending/\"},{\"id\":\"dkt1TCqoewhSrym0\",\"url\":\"https://thedefiant.io/news/regulation/wyoming-unveils-frnt-first-state-backed-u-s-stablecoin-910c2e7b\",\"description\":\"The Defiant on Wyoming's state-backed stablecoin\",\"timestamp\":1767871788914},{\"id\":\"h7wzfJUQLZP1VMaR\",\"url\":\"https://hedera.com/blog/hedera-selected-for-wyomings-frontier-stable-token-frnt-the-first-u-s-state-issued-stable-token/\",\"description\":\"Hedera announcement on FRNT selection\",\"timestamp\":1767871788914},{\"id\":\"UWwqiGiNRSaIUpLA\",\"url\":\"https://decrypt.co/353910/wyoming-frontier-stablecoin-debuts-offer-yield\",\"description\":\"Decrypt on FRNT public launch and yield status\",\"timestamp\":1767872366312}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRd9QFaoaffML8c7BZqbn65s5JezCyxcYK3x8VF1QRxhM\""},{"id":"commit-message","value":"\"Removed Frontier Stable Token (FRNT) page\""},{"id":"previous_cid","value":"QmRd9QFaoaffML8c7BZqbn65s5JezCyxcYK3x8VF1QRxhM"}],"events":[{"id":"f08a80cc-10b7-4b24-b24c-da5930623324","date":"2025-08-01","title":"FRNT Mainnet Launch","type":"CREATED","description":"The Wyoming Stable Token Commission announced the mainnet launch of the Frontier Stable Token (FRNT), the first stablecoin issued by a US state. The token launched on seven blockchains, including Ethereum and Solana.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","solana","arbitrum","avalanche","optimism","base"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"9162a049-895c-4f11-86bc-5ba8fd2ae03f\",\"title\":\"Frontier Stable Token (FRNT)\",\"description\":\"Frontier Stable Token (FRNT) is the first stablecoin issued by a US state, launched by the Wyoming Stable Token Commission. 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[[5]](#cite-id-dkt1TCqoewhSrym0) [[7]](#cite-id-UWwqiGiNRSaIUpLA)\",\"Clarified that the token maintains a legally mandated 2% overcollateralization. [[1]](#cite-id-UCkLyquwm4) [[2]](#cite-id-5sVcNjbNou) [[5]](#cite-id-dkt1TCqoewhSrym0) [[7]](#cite-id-UWwqiGiNRSaIUpLA)\"]},{\"title\":\"Overview\",\"subtitle\":\"Updated the overview with new partners, public availability information, and added internal wikilinks.\",\"variant\":\"modified\",\"changeCount\":3,\"changes\":[\"Added internal wikilinks for 'Frontier' and 'Stable'.\",\"Updated the reserve manager from 'Franklin Advisers' to 'Franklin Templeton' and added Fireblocks as the digital asset infrastructure provider. [[5]](#cite-id-dkt1TCqoewhSrym0) [[7]](#cite-id-UWwqiGiNRSaIUpLA)\",\"Added that FRNT was made available to the public on January 7, 2026, through Kraken, and included a quote from Governor Mark Gordon. 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