The Wyoming Stable token Commission, a body that the US state allowed to issue a stablecoin, announced the main launch of the Frontier Stable token (FRNT) Stablecoin.
The frnt Stablecoin is a complete collateralized digital token backed by short duration of US Treasury Bills and US dollars, with a statutorily mandatory 102% reserve requirement, the Commission Says In an announcement last Tuesday.
According to With Cryptoamerica host Eleanor Terrett, the FRNT is now living in seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base.
“However, due to long -term regulatory barriers, the token is not yet publicly available,” Terrett said in an X post on Tuesday.
Frnt to wyoming blockchain symposium
The launch of FRNT Mainnet is expected to be announced at the Wyoming Blockchain Symposium, a second annual event posted on the Finance Networking Platform Salt and Kraken Exchange.
“For many years, Wyoming has been the leading state in blockchain, cryptocurrency, and regulation of digital assets, which passed 45 pieces of law since 2016,” Wyoming Governor Mark Gordon said, added:
“The main launch of the Frontier Stable token will empower our citizens and business with a modern, efficient, and safe way of transacting at the digital age.”
The official announcement features the commission’s cooperation with the Blockchain Interoperability Protocol Layerzero to offer a FRNT to many blockchain networks.
The initial presence of the FRNT is expected to feature purchases at Solana Blockchain through Wyoming-Domiciled Crypto Exchange Kraken in the coming days, the Commission said.
“The availability of the public will be noted in a distribution from this office and the stable token commission,” he added.
FRNT was accepted by visa
According to an announcement shared by avalanche developer Ava Labs, Wyoming’s FRNT Stablecoin is available for use anywhere to accept the visa.
Supported payment channels include major mobile payments and digital purse services such as Apple Pay and Google Pay, as well as physical cards.
“The release of the FRNT indicates a paradigm shift,” said commissioning director Anthony Apollo, who emphasized that Wyoming is among the pioneer of the Crypto adoption and digital asset law in the US.
Related: US Treasury calls for public comment on Genius Stablecoin Bill
“In addition to regulation, public entities now have a model for change that can make government processes better,” Apollo said in a statement, adding:
“From paying sellers in seconds to enabling tax refunds and on-chain social benefits, FRNT carries state action during programmable.”
A spokesman for AVA labs Cointelegraph also said the FRNT was the same token previously referred to as Wyoming Stable token (WYST) and Wyoming Electronic Stable token (West).
Magazine: Altcoin Season 2025 is almost here … but the rules have changed
