Wyoming Pioneers Nation’s First State-Issued Stablecoin: Frontier Stable Token (FRNT) Launched for Public Purchase

Wyoming, often dubbed the “Equality State,” has once again demonstrated its pioneering spirit in the digital asset space. On Wednesday, the state officially announced the launch of the Frontier Stable Token (FRNT), marking a historic milestone as the United States’ first state-issued, U.S. dollar-pegged stablecoin now available for public purchase.

Developed under the strategic guidance of the Wyoming Stable Token Commission, FRNT embodies a groundbreaking leap in financial innovation. A statement from Wyoming representatives highlights its core philosophy:

FRNT marks a significant milestone in financial innovation – seamlessly blending the security and regulatory oversight of state-managed reserves with the unparalleled efficiency and transparency inherent in blockchain technology.

Today, the Commission made the Frontier Stable Token available for public purchase through Wyoming-domiciled cryptocurrency exchange @krakenfx.

Kraken customers can now access “FRNT” at the link below.https://t.co/bRfiOAS9gI

— Wyoming Stable Token Commission (@wyostable) January 7, 2026

The Frontier Stable Token is engineered for unwavering stability and trust through an innovative overcollateralization mechanism. Each FRNT is backed by a robust reserve of U.S. dollar cash and short-term U.S. Treasury bills, maintaining a minimum reserve ratio of 102%. These crucial reserves are meticulously managed by Franklin Advisers, a testament to the project’s commitment to reliability.

Beyond its financial innovation, FRNT holds a unique social utility. The Wyoming state government has declared that the interest earnings generated from FRNT’s reserve assets will be dedicated to funding public school education programs across the state. This pioneering approach transforms the stablecoin into a “public good,” simultaneously diversifying the state’s revenue streams beyond traditional taxation.

Jenny Johnson, CEO of Franklin Templeton, commented on the collaboration: “Our partnership with Wyoming demonstrates that when the public and private sectors join forces, it’s possible to build a compliant and trustworthy operational framework for digital assets.”

The journey to FRNT began in 2023 when Wyoming passed its landmark Stable Token Act, initiating research into the feasibility of an official stablecoin. Following rigorous testing and evaluation of 11 different blockchains, the state ultimately selected Solana, renowned for its high performance, as FRNT’s native blockchain. To ensure broad accessibility and multi-chain liquidity, the LayerZero cross-chain protocol will extend FRNT’s reach to the Ethereum mainnet, its Layer 2 scaling solutions (including Arbitrum, Base, Optimism, and Polygon), and other prominent public chains like Avalanche. Investors can now acquire FRNT through the Wyoming-headquartered cryptocurrency exchange, Kraken.

Officials emphasize that FRNT is designed to deliver a superior user experience, characterized by:

• Lightning-Fast Settlement: Transaction confirmations in mere seconds.
• Ultra-Low Costs: Fees typically below $0.01 USD.
• 24/7 Accessibility: Available anytime, anywhere with an internet connection.
• Real-Time Auditability: A transparent public ledger significantly reduces counterparty risk.

Known as the “Cowboy State,” Wyoming has consistently ridden at the forefront of cryptocurrency regulation. Years prior, it was among the first to legally recognize Decentralized Autonomous Organizations (DAOs) and establish a framework for “crypto banks” through special purpose depository institution charters. The launch of its official stablecoin further underscores Wyoming’s ambitious vision to leverage financial technology to invigorate its local economy and cement its position as a digital asset hub.