Wyoming was the first U.S. state to publicly issue a state-backed stablecoin, called Frontier Stable Token ($FRNT). $FRNT debuted on the Solana blockchain for its speed and low costs, with interoperability across other major chains. The U.S. dollars and short-term Treasuries backing the stablecoin are collateralised 1:1, state-supervised, and over-collateralised. Wyoming launched the Frontier Stable Token ($FRNT) on January 7, 2026, kicking things off on the Solana blockchain.
If you want to get your hands on some, you can do it through Kraken, the crypto exchange based in Wyoming. WHAT IS $FRNT? It’s a stablecoin pegged to the U.S. dollar, backed one-to-one by actual dollars and short-term U.S. Treasuries. The whole point is to offer a digital currency that’s both reliable and transparent, with real oversight. Unlike private stablecoins like USDT or USDC, $FRNT is issued under state authority and regulated by a public commission.
This setup comes from the Wyoming Stable Token Act, which passed in 2023. There’s also a law that says Wyoming has to hold more in reserves than it issues in tokens, basically, an extra layer of security to keep things stable and earn people’s trust. Solana is fast, it handles a lot of transactions at once, and it keeps costs low. That makes it a good fit for things like large-scale payments and quick settlements.
But Wyoming isn’t stopping there. They have built in cross-chain support with tools like LayerZero and Stargate, so $FRNT can move easily across different blockchains, like Ethereum, Arbitrum, Avalanche, Base, Optimism, and Polygon. It’s all about making sure $FRNT can go wherever people want to use it. Each $FRNT token has a dollar or equivalent government-backed asset held in trust with Fiduciary Trust Company International, with the assets managed by Franklin Templeton, a global investment firm. The Stable Token Commission of Wyoming has oversight on regulatory compliance, auditing, and token issuance.
Regulatory transparency and accountability in the issuance of $FRNT continue with monthly attestations and annual reporting. $FRNT is a stablecoin that provides near-instant and cost-effective transfers, with funds settling in a few seconds with fees of less than a cent. These features make $FRNT appealing to retail and institutional users. Solana’s the first stop for $FRNT, but thanks to its cross-chain design, you can use it on more than one blockchain.
Right now, you can trade and transfer $FRNT on Solana through Kraken, and if you want to move it somewhere else, bridging protocols make that possible. This stablecoin isn’t something that happened overnight. It is the result of many years of planning, regulatory construction, and tech builds to keep everything secure and compliant. And it is not just for people in Wyoming, $FRNT is available for people globally who need a stable, regulated digital currency backed by the dollar.
Wyoming has launched the Frontier Stable Token ($FRNT), the first state-backed stablecoin issued by a U.S. state government, open to the public. The token debuted on the Solana blockchain to take advantage of its speed and low costs, with interoperability across major networks. The initiative follows the Wyoming Stable Token Act and reflects the state’s plan to provide a regulated digital dollar alternative.
$FRNT is pegged 1:1 to the U.S. dollar and backed by actual dollars and short-term U.S. Treasuries. The assets are held in trust at Fiduciary Trust Company International and managed by Franklin Templeton. The Wyoming Stable Token Commission provides regulatory oversight, including audits and token issuance, with monthly attestations and annual reporting to ensure transparency.
Solana is the initial chain for FRNT due to its speed and low costs, but the project includes cross-chain support via LayerZero and Stargate to enable movement to Ethereum, Arbitrum, Avalanche, Base, Optimism, and Polygon. Transfers on FRNT are near-instant and cost less than a cent, supporting both retail and institutional use. Wyoming aims for global availability, not just for residents, as FRNT is designed to be a regulated digital dollar for users worldwide.
The project follows the Wyoming Stable Token Act and emphasizes transparency through ongoing regulatory compliance, including audits and reporting to ensure trust. Initially, FRNT can be traded on Solana via Kraken, with bridging protocols facilitating movement to other networks.
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