Wyoming has made its Frontier Stable Token (FRNT) publicly available, becoming the first US state to issue a fully reserved, fiat-backed stablecoin. Governor Mark Gordon said the token is designed to provide faster, lower-cost digital payments while generating interest income for the state through its reserve structure.
FRNT is backed one-to-one by US dollars and short-term Treasurys and is overseen by the Wyoming Stable Token Commission. The token is live on the Solana blockchain and accessible through major crypto platforms, with interoperability across multiple networks. State officials highlighted reduced transaction fees compared with traditional card payments as a key benefit for both citizens and public agencies.
Wyoming plans to expand FRNT usage throughout 2026 by onboarding additional partners and deploying the token across more government services. The initiative reflects broader experimentation by public institutions exploring stablecoins to modernize payments and improve operational efficiency.
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