The Frontier Stable Token (FRNT), issued by the state of Wyoming, will now operate on the Hedera blockchain. This expansion comes just weeks after FRNT’s August mainnet debut. The token remains the first state-issued stablecoin in the United States.
FRNT was created under the Wyoming Stable Token Act of 2023. It is backed by US dollars and short-term Treasuries, with an additional reserve to reinforce stability. The expansion signals Wyoming’s continued push into blockchain-based financial instruments under state law.
Before the announcement, Hedera (HBAR) had slipped to $0.2113. After the news, it rebounded modestly to $0.2136, reflecting a 1.1% uptick. While price shifts followed, Wyoming emphasized that the review centered on regulatory and operational suitability.
Wyoming Stable Token Commission Details the Decision
The Wyoming Stable Token Commission (WYST) confirmed the expansion after a second-quarter review. The assessment examined Hedera’s technical performance, governance framework, and compliance record. WYST concluded that Hedera’s model fit requirements for state-backed financial tools.
Anthony Apollo, Executive Director of the Commission, stated:
“The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance.”
This statement underscored the weight of governance and reliability in the evaluation process.
Hedera’s Council governance model, led by global enterprises and institutions, factored into the decision. The Council includes organizations such as IBM, Google, Mondelez, and the UK Civil Aviation Authority. These associations offered assurance of trust and real-world adoption for Hedera’s infrastructure.
Although FRNT launched across Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base, the rollout remains limited. The Commission explained that public purchase options are not yet available. Hedera confirmed that more information on distribution will follow “soon.”
FRNT as a Public Financial Instrument in Wyoming
Unlike privately issued stablecoins, FRNT operates under state authority. Wyoming law requires FRNT to be fully backed by liquid assets, including dollar reserves and Treasuries. A separate reserve adds another layer of stability for the token.
The Commission stressed that the framework is designed for transparency and public interest. Apollo emphasized: “Our goal with FRNT is to set a new standard for how states leverage digital assets to better serve the public.”
Early pilot projects have already tested FRNT in contractor payments, emergency disbursements, and payroll systems. These trials highlight potential applications within state operations. Interest earned from Treasury holdings tied to FRNT directly supports the Wyoming School Foundation Program, channeling blockchain activity into education funding.
Wyoming’s Growing Role in US Digital Asset Policy
Wyoming has emerged as a key state for digital asset development. The state previously passed multiple crypto-related laws to provide regulatory clarity. The Wyoming Stable Token Act of 2023 positioned FRNT as the first example of a state-issued stablecoin in the country.
The state’s approach has also attracted major industry players. Kraken confirmed plans to relocate its global headquarters to Cheyenne, Wyoming’s capital. The city already serves as a hub for both energy and finance, adding digital assets to its scope.
Through FRNT, Wyoming demonstrates how states can connect blockchain with public finance. By aligning stablecoin frameworks with education funding and emergency services, the Commission reinforced its role as a driver of state-backed digital assets.