FRNT, short for Frontier Stable Token, is the first state-issued stablecoin in the United States, launched by the state of Wyoming in August 2025. It represents a significant milestone in public sector blockchain adoption, offering a fully fiat-backed digital currency designed for secure, fast, and transparent transactions.
Unlike private stablecoins like USDC or USDT, FRNT is issued and governed by a public entity – the Wyoming Stable Token Commission (WST) – under the authority of the Wyoming Stable Token Act of 2023.
Key Features
- Fully Collateralized: Each FRNT token is backed by U.S. dollars and short-term Treasury bills, with a legally mandated 102% reserve ratio.
- Multi-Chain Deployment: FRNT is live on seven major blockchains - Ethereum, Solana, Avalanche, Polygon, Arbitrum, Optimism, and Base - using LayerZero’s Omnichain Fungible Token (OFT) standard for seamless interoperability.
- Spendable via Visa: Through integration with Rain, FRNT can be used anywhere Visa is accepted, including Apple Pay and Google Pay.
- Public Benefit Model: Interest earned from FRNT reserves is directed to Wyoming’s School Foundation Fund, creating a new revenue stream for education without raising taxes.
Background and Motivation
Wyoming has long been a leader in blockchain legislation, passing over 45 crypto-friendly laws since 2016. The idea for FRNT emerged from practical pilots, including a July 2025 test where government contractor payments were reduced from 45 days to seconds using a prototype token.
Governor Mark Gordon emphasized that FRNT provides citizens a “modern, efficient, and secure means of transacting in the digital age”.
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Use Cases and Benefits
- Instant Payroll: Contractors and employees can receive payments in seconds.
- Real-Time Tax Refunds: Citizens may receive refunds instantly.
- Transparent Public Spending: All transactions are recorded on-chain.
- Low Fees: Transfers cost fractions of a cent on fast chains like Avalanche.
- Global Accessibility: FRNT can be sent peer-to-peer worldwide, 24/7.
Regulatory Status and Controversy
Although technically deployed, FRNT is not yet publicly tradable due to regulatory hurdles. Initial access is expected via Kraken and Rain’s Visa platform.
Some federal lawmakers, like Rep. Tom Emmer, have criticized FRNT as a form of state-level CBDC, raising concerns about government control over digital money. Wyoming officials counter that FRNT is not a central bank digital currency, but a constitutionally protected public asset.
Conclusion
FRNT is a bold experiment in digital public finance, blending blockchain technology with government oversight. If successful, it could redefine how states manage payments, benefits, and financial infrastructure, and potentially inspire similar initiatives nationwide on each individual state level.
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