Frontier Stable Token becomes first fully reserved, fiat-backed stablecoin issued by a US state
Wyoming has officially rolled out its Frontier Stable Token (FRNT) to the public, marking a milestone as the first fiat-backed, fully reserved stablecoin issued by a US public entity. The launch follows earlier delays tied to regulatory and operational hurdles.
According to state officials, FRNT is designed to provide faster, cheaper, and more transparent digital payments while generating interest income for the state. The stablecoin is fully backed by US dollars and short-duration US Treasury securities, with yield from reserves returned to Wyoming to help fund public services and reduce taxpayer burden.
FRNT is now available on a major crypto exchange and is live on the Solana blockchain, with the ability to bridge to Ethereum, Avalanche, Arbitrum, Base, Optimism, and Polygon. It can also be accessed through a Visa-enabled payment platform, expanding real-world usability.
State officials highlighted transaction fees of roughly $0.01, significantly lower than traditional credit card processing costs. Public offices handling millions in annual payments cited FRNT as a way to reduce fees passed on to residents.
The Wyoming Stable Token Commission plans to scale FRNT throughout 2026, onboarding additional partners, expanding use across state agencies, and evaluating new blockchains for deployment as adoption grows.
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