Catenaa, Thursday, January 15, 2026-Wyoming has issued its first state-backed stablecoin, the Wyoming Frontier Stable Token (FRNT), now available for public purchase on the Solana blockchain.
The dollar-pegged token marks the first officially launched, state-managed blockchain asset in the US
FRNT is overseen by the Wyoming Stable Token Commission, with reserves managed by Franklin Templeton and custodianship through Fiduciary Trust Company International.
The token is fully collateralized with U.S. dollars and short-term Treasuries, and interest from the reserves will fund Wyoming’s school programs.
Wyoming officials highlighted that FRNT combines public accountability and regulatory oversight with blockchain efficiency, offering settlement in seconds, fees under $0.01, and auditability for retail and institutional users.
The launch positions Wyoming as a pioneer in state-backed digital assets.
The state has enacted legislation recognizing DAOs as legal entities, established frameworks for crypto banks under the Special Purpose Depository Institutions charter, and passed the Stable Token Act to enable compliant blockchain tokens.
FRNT will be available for purchase through Wyoming-domiciled exchange Kraken and features cross-chain bridging via LayerZero to Ethereum, Arbitrum, Base, Optimism, Polygon, and Avalanche.
Solana was selected as FRNT’s native blockchain after the commission tested 11 networks during a consultation period. The project was initially scheduled to launch on Monday but was delayed due to technical issues.
Wyoming officials said FRNT demonstrates the potential for public-private collaboration in financial innovation, emphasizing transparency, regulatory alignment, and reduced counterparty risk compared with privately issued stablecoins.
