Wyoming Launches First Official State-Issued Stablecoin on 7 Blockchains

Wyoming has become the first U.S. state to officially launch a stablecoin, marking a historic moment in American crypto adoption. The Wyoming Stable Token Commission announced the mainnet debut of its Frontier Stable Token (FRNT), now live on seven blockchains: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.

The FRNT token is fully backed by U.S. dollars and short-term treasuries, ensuring stability and transparency. Uniquely, Wyoming mandates a 2% overcollateralization, offering stronger protection for holders.

Governor Mark Gordon highlighted Wyoming’s leadership in blockchain regulation, with over 45 digital asset laws passed since 2016. The stablecoin integrates LayerZero for multichain deployment, uses Fireblocks for custody, and entrusts Franklin Advisers (a Franklin Templeton subsidiary) for reserve management.

FRNT will soon be available on Kraken (powered by Solana) and Rain’s Visa-compatible platform on Avalanche. The launch coincides with the recent signing of the GENIUS Act, setting a national regulatory framework for stablecoins in the U.S.