Wyoming has launched the Frontier Stable Token (FRNT), making it one of the first U.S. states to issue a stablecoin. The FRNT is fully backed by short-duration U.S. Treasury bills and has a 102% reserve requirement. Currently, it is live on seven blockchains, including Ethereum and Solana, though public access is restricted due to regulatory issues. Announced at the Wyoming Blockchain Symposium, this effort showcases Wyoming's leadership in blockchain legislation with over 45 laws passed since 2016. The FRNT will integrate with Visa, allowing transactions where Visa is accepted through platforms like Apple Pay and Google Pay. It signifies a shift towards modernizing state transactions, enabling faster processes for government operations. Previously known as Wyoming Stable Token (WYST), the FRNT aims to enhance efficiency in governmental financial interactions, such as vendor payments and tax refunds, by leveraging blockchain technology. The commission is working to make the stablecoin available for public purchases in the near future.

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