Wyoming Taps Solana to Power First State-Issued Stablecoin in the U.S.

Wyoming has taken a bold step in the crypto sector by officially launching the Frontier Stable Token (FRNT). The latest development marks the first fully state-issued stablecoin in the United States entering live public circulation.

The announcement noted that the launch places Wyoming at the center of Blockchain innovation and also reveals how the government can actively leverage crypto assets for various purposes.

Multi-Chain Access on Solana and Avalanche

The stablecoin is backed only by U.S. dollars and short-term U.S. Treasury bills. According to the update, these reserves are managed by global asset manager Franklin Templeton, while custody is handled by its affiliate, Fiduciary Trust Company International. This structure ensures that every token is fully backed and redeemable, offering a high level of trust compared to many private stablecoins.

FRNT was created under the Wyoming Stable Token Commission, a body formed after the Wyoming Stable Token Act was passed in March 2023. The primary aim of the commission is to issue stablecoins that are fully backed and aligned with state financial rules. With the public launch now complete, FRNT is available across multiple blockchain networks, including Solana and Avalanche.

Wyoming Governor Mark Gordon described the launch as a defining moment for the state’s digital asset efforts. He said the stablecoin shows how clear regulation and new technology can work together to lower costs, expand access, and build public trust in digital finance.

To support use across different blockchains, FRNT uses LayerZero for cross-chain communication and Fireblocks for secure infrastructure. Users can buy the stablecoin on Kraken via the Solana network or on Avalanche via Rain, a Visa-powered platform.

Built for More Than Wyoming Residents

Unlike corporate stablecoins that are controlled by private companies, FRNT operates under state oversight. This means higher transparency, public accountability, and legal clarity.

Franklin Templeton CEO Jenny Johnson also highlighted the importance of public and private cooperation, noting that the project establishes a compliant, trusted framework for digital assets.

While the project is led by Wyoming, FRNT is open to residents of other states. It is designed for global use, offering fast settlement times and low transaction fees for retail users, institutions, and even governments.

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