Frontier (FRNT) is Wyoming’s new stablecoin, making Wyoming the first U.S. state to launch its own short-term, Treasury–backed stablecoin. The stablecoin has been launched across seven blockchains, and a portion of derived profits will be routed to fund state-level education.
Wyoming is looking to woo stablecoin usage from emerging markets and crypto users who seeking safety. Since this stablecoin is being issued by a public entity, the risk of fraud or a collapse is comparatively low. The token is fully reserved, 2% overcollateralized by mandate, and aims to pair public-sector oversight with crypto’s always-on settlement to attract usage and investment beyond the U.S. Under state law, the Wyoming Stable Token Commission is responsible for FRNT.
