FRNT stablecoin still not available for purchase despite multi-chain launch
The Frontier Stable Token (FRNT), a stablecoin authorized by the state of Wyoming, is expanding its reach by integrating with the Hedera blockchain. The move comes just weeks after the token’s official launch in August, when it reportedly went live across seven major blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.
According to a Thursday announcement, the Wyoming Stable Token Commission, the body overseeing FRNT, approved Hedera as a candidate network following a technical review.
“The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance,” said Anthony Apollo, executive director of the Commission.
The integration highlights Hedera’s growing role in government and enterprise blockchain initiatives, particularly in sectors demanding regulatory compliance and scalability.
Availability delays raise questions
Despite the excitement surrounding FRNT’s launch, the stablecoin remains unavailable for public purchase. The Commission’s website confirmed that users cannot yet acquire FRNT, though Hedera has promised more details on purchasing options “soon.”
This delay contrasts with early expectations that the token would be accessible shortly after its August release. The lack of availability has fueled speculation about the project’s rollout strategy and compliance hurdles.
Wyoming’s role as a crypto hub
Wyoming has positioned itself as a leading U.S. jurisdiction for digital asset innovation. It was one of the first states to grant cryptocurrency legal recognition as fiat-equivalent money and continues to attract major blockchain players.
In June, Kraken announced it would move its global headquarters to Cheyenne, citing the state’s pro-crypto policymakers and constructive regulatory framework.
Events such as the American Innovation Project conference have also showcased Wyoming’s influence, with federal officials discussing potential reforms to U.S. crypto enforcement during local gatherings.
What’s next for FRNT?
As one of the first state-backed stablecoins in the U.S., FRNT is being closely watched by both regulators and the crypto industry. While its multi-chain presence signals ambition, the delay in accessibility leaves open questions about adoption and utility.
With Hedera now onboard, the pressure is on the Wyoming Stable Token Commission to finalize purchasing mechanisms and provide clarity for businesses and consumers eager to test the first state-issued stablecoin.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.