On January 7, 2026, the State of Wyoming unveiled FRNT (Frontier Stable Token), marking the first time a U.S. state has issued and fully backed a blockchain-based stablecoin. This milestone represents a significant shift in public-sector participation in digital assets.
Regulatory Framework
FRNT was created under the Wyoming Stable Token Act and is overseen by the Wyoming Stable Token Commission, established in March 2023. The commission is tasked with issuing fully backed digital assets that align with state law and fiscal responsibility. Unlike private stablecoins, FRNT offers a state-managed alternative with full reserve transparency.
Reserve Structure and Management
All FRNT reserves are held in trust by the State of Wyoming and invested exclusively in U.S. dollars and short-duration U.S. Treasuries. Reserve management is handled by Franklin Templeton, with custody services provided by its affiliate Fiduciary Trust Company International. This structure ensures stability and public accountability.
Multi-Chain Deployment
FRNT is natively issued on the Solana network and will initially be available across six additional blockchains: Avalanche, Polygon, Arbitrum, Ethereum, Base, and Optimism. Cross-chain functionality is enabled via LayerZero, with secure infrastructure services from Fireblocks. Early access includes purchasing through Kraken on Solana and via Rain (a Visa-powered card platform) on Avalanche.
Official Statements
Wyoming Governor Mark Gordon highlighted the launch as a reflection of the state's long-standing commitment to financial innovation and regulatory clarity. Franklin Templeton CEO Jenny Johnson commented: "Our collaboration demonstrates what is possible when public and private sectors work together to create a compliant, trusted framework for digital assets." She added, "Franklin Templeton’s deep expertise across fixed income, custody, and digital assets uniquely positions our firm to help governments and institutions modernize financial infrastructure."
FAQ
- What is FRNT? FRNT is the Frontier Stable Token, a blockchain-based stablecoin issued and backed by Wyoming.
- How is FRNT backed? All reserves are held in trust by Wyoming and invested in U.S. dollars and short-term U.S. Treasuries.
- Which blockchains support FRNT? Native on Solana, with support for Avalanche, Ethereum, Arbitrum, Base, Optimism, and Polygon.
- Where can FRNT be purchased? Via Kraken on Solana and through Rain on Avalanche.
State officials said the FRNT program aims to expand access to digital financial tools while maintaining public accountability through state-managed reserves and transparent oversight.