Wyoming just made a bold move in the world of public finance and blockchain. The state rolled out the Frontier Stable Token ($FRNT), which is actually the first fully reserved stablecoin backed by a U.S. state government and open to the public.
The Wyoming Stable Token Commission launched $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.
More News: Klarna Group (KLAR) Partners With Coinbase for Stablecoin Funding
Why Solana
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.
How the Stablecoin Works
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.
Broader Access and Adoption
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.
The post Wyoming Launches First State-Backed Stablecoin on Solana appeared first on Ventureburn.
