what's Frontier Stable Token?
The Frontier Stable Token (FRNT) is a USD-pegged stablecoin issued by the U.S. state of Wyoming, marking the first blockchain-based stable token from a public entity in the United States. Launched on multiple blockchains including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base, FRNT is designed for secure, instant transactions with reduced fees. It is fully backed by U.S. dollar reserves held in cash, Treasury bonds, and repurchase agreements, ensuring 1:1 redeemability. The token integrates with Visa for seamless spending wherever Visa is accepted, promoting real-world utility for payments and remittances. Unlike traditional stablecoins, FRNT directs interest revenue generated from its reserves to Wyoming's Public School Fund rather than private shareholders, aligning with public benefit goals. Governed by the Wyoming Stable Token Commission, it leverages LayerZero for cross-chain interoperability and emphasizes transparency through on-chain audits and regular attestations. This structure supports efficient government payments, vendor settlements, and broader financial inclusion while complying with state regulations.
Frontier Stable Token listed on Kraken, offers cross-chain transfers, and has institutional backing.
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Franklin Templeton manages reserves and Fiduciary Trust Company International provides custody services.
Integrated with Stargate Finance for cross-chain transfers between Avalanche, Solana, Ethereum, Arbitrum, Optimism, Polygon, and Base.
Listed on Kraken exchange on January 7, 2026.
Wyoming launches testnet faucet for government-run stablecoin, supporting eight blockchain networks including Ethereum mainnet and three Layer 2 networks.
WYST Alpha Tester POAP NFTs minted for participants in the alpha testing program.
FRNT maintains 102% backing and is used for real payments on raincards platform.
Wyoming government issues 100,000 FRNT stablecoins on seven blockchain networks (Solana, Ethereum, Arbitrum, Base, Optimism, Polygon, and Avalanche C-Chain), totaling 700,000 tokens distributed across six addresses.
Executive Director reveals state's stablecoin launch aims to generate revenue for school funding without increasing taxpayer burden.
Wyoming launches FRNT, the first US state-backed stablecoin, on Avalanche blockchain.
New revenue sharing model directs stablecoin interest earnings to benefit Wyoming's education system.
Stablecoin interest revenue flows to Wyoming Public School Fund instead of shareholders.
NYSE hosts discussions about state-backed stablecoin developments, signaling potential expansion to other states.
Official launch of state-backed FRNT stablecoin completed in Wyoming.
First US state-backed stablecoin FRNT launches in Wyoming, backed by USD and Treasuries, awaiting public availability.
Wyoming government tests WYST stablecoin for government payments.
Aptos and Solana shortlisted as final candidates for deployment platform, replacing previous Sei Network selection, with LayerZero providing cross-chain settlement capabilities.
Network activity triples in active addresses with 1.4M daily transactions while achieving leadership in gaming wallet activity.
Mainnet launch scheduled for August 20 by Wyoming Stable Token Commission.
Sei Network selected as deployment platform following evaluation of privacy, interoperability, and use case metrics.
Sei Network selected as deployment platform for state-backed stablecoin launch
Wyoming Stable Token Commission explores AvaCloud's Avacy solution for privacy and auditability features in WYST implementation.
Wyoming officially names their state-backed stablecoin as $WYST.
Wyoming introduces state-backed stablecoin.
Wyoming state treasury token launching by July 2025, becoming first US state-backed cryptocurrency.
Selected by Wyoming Stable Commission to work on WYST for global US dollar access.
Wyoming plans to launch state-issued stablecoin by July 2025, becoming first US state-backed crypto. Token will be fully backed by US Treasuries with 102% capitalization requirement. Evaluating deployment on multiple chains including Solana, Ethereum, and Polygon.