Wyoming Pioneers a New Era for Stablecoins
Wyoming has launched its own state-backed stablecoin, FRNT, becoming the first U.S. state to issue a government-supported digital asset. Fully collateralized by U.S. dollars and short-term Treasuries, this initiative aligns with Wyoming’s forward-looking stablecoin legislation, marking a milestone in blockchain-based financial compliance.
Multi-Chain Support and High Performance
FRNT is built natively on Solana, enabling fast transactions with fees below $0.01. With LayerZero integration, the stablecoin can seamlessly operate across multiple networks, including Ethereum mainnet and L2 platforms like Arbitrum, Base, Optimism, Polygon, and Avalanche.
Transparent and Regulated Reserves
The stablecoin is issued and regulated by the state, using an over-collateralized model. Funds are held in a Wyoming trust, with reserves managed by Franklin Templeton. Notably, interest generated from these reserves will be directed toward funding local education initiatives.
- Dollar-pegged with state backing
- Built on Solana with cross-chain support
- Over-collateralized for security
- Transaction fees below $0.01
- Reserve earnings support education
FRNT is now available for purchase on Kraken, offering both retail and institutional users a fast, secure, and compliant digital payment solution.