Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more

Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more

CryptobriefingCryptobriefing2025/08/19 19:15
By:Cryptobriefing

Key Takeaways

  • Wyoming has launched FRNT, the first state-issued, fully collateralized stablecoin in the US.
  • FRNT enables fast, efficient government payments and is usable globally via Visa card platforms.

The Wyoming Stable Token Commission has launched the Frontier Stablecoin Token (FRNT) as the first dollar-pegged stablecoin issued by a US state government, which can be used for real-world transactions, according to a statement shared on Monday.

The Commission, created through the Wyoming Stable Token Act in 2023, provides governance and regulatory oversight for Wyoming’s pioneering stablecoin project.

As noted in the release, FRNT is built on Avalanche and stands out from other stablecoins as Wyoming law requires it to be overcollateralized, maintaining 102% reserves in short-term US Treasuries and dollars.

In addition to Avalanche, the token has been deployed on six other blockchains, including Arbitrum, Base, Ethereum, Optimism, Polygon, and Solana, according to the product page .

“While Wyoming has been the leading state for crypto, blockchain, and digital assets legislation for nearly a decade, the issuance of FRNT signals a paradigm shift,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. “In addition to regulation, public entities now have a model for innovation that can make government processes significantly more efficient.”

Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more image 0 Wyoming launches Frontier Stable Token FRNT on Ethereum, Solana, Avalanche, and more image 1

The state demonstrated FRNT’s utility in July 2025 through a pilot program with Hashfire, reducing government contractor payment timelines from 45 days to seconds, achieving a 99.9% efficiency improvement.

“The launch of FRNT marks the first in-production use case of a state-issued stablecoin in the United States, proving blockchain-powered government can be efficient, transparent, and designed for public good,” said John Wu, President of Ava Labs.

FRNT will be usable anywhere Visa is accepted, including through Apple Pay and Google Pay. The project combines oversight from the Wyoming Stable Token Commission, infrastructure from Avalanche, and fintech integration from Rain.

“Today’s launch is a powerful example of Rain’s mission in action. We build a financial infrastructure that makes stablecoins like FRNT instantly usable anywhere in the world,” said Farooq Malik, CEO & Co-founder of Rain.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Wyoming becomes the first US state to launch a stablecoin, FRNT, backed by USD and Treasuries

Share link:In this post: Wyoming launches the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a blockchain-based stablecoin. FRNT is backed by US dollars and Treasuries, with reserve interest funding Wyoming’s School Foundation Fund. The token debuts across seven blockchains, supported by partners including LayerZero, Fireblocks, and Franklin Advisers.

Cryptopolitan2025/08/19 21:00
Wyoming becomes the first US state to launch a stablecoin, FRNT, backed by USD and Treasuries

Google proposes major Play Store changes to stop new penalties from EU regulators

Share link:In this post: Google’s proposal will allow Android developers to direct users to external sites for payments. It is also proposing to slash its first-year developer fee from 10% to 3% under the new program. Brussels has accused Google of unfair restrictions and could impose multibillion-euro fines.

Cryptopolitan2025/08/19 21:00
Google proposes major Play Store changes to stop new penalties from EU regulators

Chinese Xpeng projects record Q3 buoyed by strong EV sales

Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.

Cryptopolitan2025/08/19 21:00
Chinese Xpeng projects record Q3 buoyed by strong EV sales