Franklin

United

Frontier Stable Token

Stable

Wyoming has officially made its state-issued stablecoin, the Frontier Stable Token ($FRNT), available to the public, marking the first fully state-issued stable token in the United States to enter live circulation.
The stablecoin was developed under the Wyoming Stable Token Commission and is designed to combine state-managed reserves with blockchain-based settlement.
While earlier infrastructure plans were <a href="https://content.govdelivery.com/accounts/WYGOV/bulletins/3ee734a" rel="noopener noreferrer nofollow">announced</a> in August 2025, the latest launch opens $FRNT to public use across multiple blockchain networks, including <a rel="noopener noreferrer nofollow">Solana</a> and <a rel="noopener noreferrer nofollow">Avalanche</a>.
<a href="https://www.thestreet.com/crypto/explained/explained-what-is-a-stablecoin" rel="noopener noreferrer nofollow">Related: Explained: What is a stablecoin?</a>
<h2 id="franklin-templeton-to-manage-state-backed-reserves">Franklin Templeton to manage state-backed reserves</h2>
The assets, consisting exclusively of U.S. dollars and short-term Treasuries, are managed by Franklin Templeton. Its affiliate, Fiduciary Trust Company International, will act as custodian.
Governor Mark Gordon called the launch “a defining moment” for Wyoming’s ongoing digital asset leadership.&nbsp;
<blockquote>
 “By introducing the nation’s first state-issued stable token, we are demonstrating how thoughtful, transparent regulation and new technologies can be harnessed to expand access, lower costs, and strengthen public trust,” Gordon said.
</blockquote>
Unlike corporate stablecoins governed by private entities, $FRNT’s structure ensures full transparency and legal alignment under state oversight.
<blockquote>
 “The collaboration with the State of Wyoming demonstrates what’s possible when the public and private sectors work together to create a compliant, trusted framework for digital assets,” said Jenny Johnson, CEO of Franklin Templeton.
</blockquote>
<h3 id="read-more-about-stablecoin">Read more about Stablecoin:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/innovation/circles-chief-strategy-officer-says-financial-institutions-using-usdc-not-all-stablecoins" rel="noopener noreferrer nofollow">Circle’s chief strategy officer Dante Disparte says financial institutions using USDC, not all stablecoins</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/trumps-genius-policy-shift-sparks-big-four-firms-move-into-digital-assets" rel="noopener noreferrer nofollow">Trump's 'genius' policy shift fuels Big Four firm’s crypto pivot</a></li>
 <li><a href="https://www.thestreet.com/crypto/technology/worlds-largest-stablecoin-issuer-enters-ai-race-llm" rel="noopener noreferrer nofollow">Largest stablecoin issuer enters AI race</a></li>
</ul>
<h2 id="frnt-available-for-purchase">$FRNT available for purchase</h2>
To enable cross-chain functionality, $FRNT leverages LayerZero for interoperability and Fireblocks for secure blockchain infrastructure.&nbsp;
The stablecoin is available for purchase via Kraken on the <a href="https://www.thestreet.com/crypto/markets/solana-treasury-firm-cuts-ties-with-analyst-over-default-allegations" rel="noopener noreferrer nofollow">Solana</a>&nbsp;blockchain and&nbsp;through<a href="https://www.thestreet.com/crypto/innovation/rain-is-turning-stablecoins-into-something-you-can-actually-spend-on-avalanche" rel="noopener noreferrer nofollow">&nbsp;Rain</a><a href="https://www.thestreet.com/crypto/innovation/rain-is-turning-stablecoins-into-something-you-can-actually-spend-on-avalanche" rel="noopener noreferrer nofollow">,</a> a Visa-powered platform operating, on <a href="https://www.thestreet.com/crypto/innovation/avalanche-john-nahas-says-the-future-belongs-to-purpose-built-blockchains" rel="noopener noreferrer nofollow">Avalanche</a>.
Beyond Wyoming residents, the stablecoin aims to provide instant settlements and low transaction costs to all retail investors, institutions, and governments worldwide.&nbsp;
The initiative is created under the <a href="https://stabletoken.wyo.gov/" rel="noopener noreferrer nofollow">Wyoming Stable Token Commission</a>, which was established under the Wyoming Stable Token Act in March 2023 and was tasked with issuing fully backed stable tokens in line with state fiscal policy.&nbsp;
<h2 id="what-is-frnt">What is $FRNT?</h2>
$FRNT, or the Frontier Stable Token, is the first fully state-issued stablecoin in the United States, launched by the State of Wyoming. It is managed under the Wyoming Stable Token Commission and is backed by U.S. dollars and short-term U.S. Treasuries held in trust by the state.
Unlike privately issued stablecoins, $FRNT operates under state oversight and public accountability, with reserves managed by Franklin Templeton and custody provided by Fiduciary Trust Company International.
<a href="https://www.thestreet.com/crypto/innovation/kraken-relocates-us-headquarters-to-wyomings-crypto-friendly-city" rel="noopener noreferrer nofollow">Related: Kraken relocates US headquarters to Wyoming's crypto-friendly city</a>

Wyoming’s FRNT stablecoin goes live for public on Solana and Avalanche

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