The newly-launched FRNT stablecoin will be backed 1:1 to the US dollar and short term treasuries, with the Commission adhering to the 2% overcollateralisation rules.
Wyoming has become the first US state to issue its own native stablecoin; Frontier Stable Token (FRNT).
The Wyoming Stable Token Commission announced on August 19 the launch of FRNT, which leverages several blockchain networks to offer instant transaction settlement, reduce fees, and enhance accessibility amongst all users.
Becoming the “first public entity in the US” to issue a stablecoin, the Wyoming Stable Token Commission confirmed FRNT is designed to provide more secure and transparent digital transitions for users, ranging from small businesses to financial institutions.
FRNT is fully backed 1:1 with the US dollar and short-term treasuries, which holds face value and is placed in a trust for FRNT holders.
The Commission ensured the stablecoin achieved the recently-passed GENIUS Act’s stability mandate by achieving 2% overcollateralisation, meaning the Commission will hold 2% more value on each issuance of FRNT.
“Wyoming reaffirms its commitment to financial innovation and consumer protection,” said Wyoming Governor Mark Gordon and Chairman of the Wyoming Stable Token Commission.
“The mainnet launch of the Frontier Stable Token will empower our citizens and businesses with a modern, efficient, and secure means of transacting in the digital age.”
The infrastructure behind FRNT
FRNT is compatible and accessible on seven different blockchain networks: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon and Solana.
The stabelcoin will be made available for purchase on the Solana blockchain and crypto exchange Kraken “in the coming days”. Stablecoin transactions will also be compatible with the Visa-integrated Avalanche crypto card which runs on the Avalanche blockchain.
The issuance of FRNT was made possible via the collaboration of partner LayerZero, who worked alongside the Commission to select which blockchains the stablecoin will be made available through a candidacy process.
LayerZero is an omnichain infrastructure platform that leverages the support of Fireblocks, reserves management firm Franklin Advisers and open-source intelligence company Inca Digital.
A long time coming?
Gordon highlighted in the press release Wyoming has been “the leading state on blockchain cryptocurrency, and digital asset regulation,” having passed more than 45 pieces of legislation since 2016.
Over the past nine years, Gordon has served as the Governor of Wyoming and overseen the passing of blockchain-related legislations, such as the recognition of digital assets as property, the cryptocurrency bankruptcy law, and the formation of the Wyoming Stable Token Commission in 2023.
In July 2025, the Commission finalised its latest test pilot of FRNT alongside blockchain startup Hashfire. The pilot served as a testing ground for real-time payments used for government contractors and to assess instant on-chain settlement.
Cynthia Lummis, US Senator for Wyoming who was involved in the passing of the GENIUS Act last month, praised the launch of the stablecoin deeming the state to be “at the forefront of digital asset innovation”.
“The launch of Wyoming’s stablecoin is yet another reason the Cowboy State is leading the nation when it comes to digital assets, and I applaud our state’s continued commitment to supporting this vital industry,” said Lummis.
Treasury Reaction on GENIUS Act
With the GENIUS Act already proving its influence with the launch of FRNT, the US Treasury is calling on “interested individuals and organisations” to provide feedback on the GENIUS Act.
Passed during what was dubbed “Crypto Week”, the GENIUS Act is the regulatory framework for which stablecoin issuers and providers need to abide by in order to grow stablecoin payments amongst users while maintaining financial stability across the economy.
As required by the GENIUS Act, the Treasury is seeking for public feedback to inform research on the effectiveness, costs, privacy and cybersecurity risks involved with stablecoins, as well as other considerations.
The US Bank Policy Institute (BPI) has already highlighted one concern with the GENIUS Act, citing a ‘loophole’ relating to stablecoin providers able to add interest in the form of ‘rewards’ which the BPI fears could cause a “flight risk” to bank deposits and subsequently see a rise in lending costs.
Public feedback comments have until October 17, 2025 to be federally registered.
