Wyoming Authorities Launch State-Issued Stablecoin

The state of Wyoming launched a government-backed stablecoin, secured by U.S. dollars and short-term Treasury securities. The asset is deployed simultaneously across seven blockchains and integrated with Visa’s payment infrastructure.

Wyoming officials announced the launch of Frontier (FRNT), the first state-issued stablecoin in the United States. The asset is issued simultaneously on Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.

According to the state, launching FRNT across seven networks is intended to broaden potential use cases and ease integration into decentralized app ecosystems. FRNT will also be integrated with Visa’s payment infrastructure, allowing Visa cardholders to use it for everyday payments.

During development, the project went under the working names Wyoming Stable Token (WYST) and Wyoming Electronic Stable Token (WEST). However, after approval and mainnet deployment, it officially launched as Frontier (FRNT).

FRNT reserves consist of cash and short-term U.S. Treasury securities. Wyoming law requires over-collateralization of 2%, meaning the total reserve must equal 102% of the circulating supply.

Issuance is overseen by the Stable Token Commission, a state agency established in 2023 under the Wyoming Stable Token Act. Key industry partners include:

• LayerZero, a blockchain platform for cross-chain interoperability, providing the technical foundation;
• Fireblocks, a digital asset custody provider, responsible for token storage and security;
• Franklin Advisers, a subsidiary of Franklin Templeton managing the reserves;
• Inca Digital, an analytics firm providing data monitoring;
• The Network Firm, an audit company conducting independent audits and attestations.

The stablecoin was officially launched during the second annual Wyoming Blockchain Symposium, organized with the participation of Kraken and SALT. Wyoming Governor Mark Gordon noted that the state passed more than 45 digital asset and blockchain laws in recent years, enabling it to become the first U.S. state to issue a government-backed stablecoin.

Although FRNT went live on mainnet with ready infrastructure, it’s not yet available to the general public due to pending regulatory issues. The state confirmed it’s working to resolve these matters to ensure full access. The Stable Token Commission won’t sell FRNT directly to users. Instead, distribution will be handled exclusively through authorized resellers subject to strict KYB checks. This model was chosen to meet compliance requirements and increase transparency.

While Wyoming authorities were among the first to reject the rising idea of using Bitcoin as state reserves, they consistently supported Web3 initiatives. For example, decentralized autonomous organizations (DAO) in the state were granted official legal status.

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