Wyoming’s Historic Stablecoin Launch
Wyoming, long hailed as America’s most crypto-friendly state, has just set a historic precedent. The Wyoming Stable Token Commission announced the official mainnet launch of the Frontier Stable Token (FRNT) — a state-issued, fully collateralized stablecoin.
The FRNT is pegged 1:1 to the U.S. dollar and backed by short-term U.S. Treasury bills with a legally required 102% reserve ratio.
Multi-Chain Expansion with LayerZero
What sets FRNT apart is its scale: it’s already live on seven major blockchains including Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, and Base. Wyoming partnered with LayerZero to ensure seamless cross-chain interoperability.
Governor Mark Gordon hailed the launch as proof that Wyoming remains at the cutting edge of blockchain innovation, having passed more than 45 crypto laws since 2016.
Real-World Payments with Visa
Even more striking: FRNT will be accepted anywhere Visa is accepted. That includes Apple Pay, Google Pay, and physical debit cards — giving the token instant real-world usability.
Anthony Apollo (Executive Director of the Commission) called it a “paradigm shift,” noting that the token could revolutionize state services — from paying vendors in seconds to issuing on-chain tax refunds and social benefits.
The Road Ahead
While still awaiting public distribution, initial purchases will roll out through Kraken’s Wyoming-based exchange. For now, Wyoming is proving that digital assets aren’t just private experiments — they can be a tool of state governance and innovation.
