Wyoming Becomes First U.S. State to Issue its Own Stablecoin

Wyoming has made history, becoming the first state in the U.S. to issue its own stablecoin with the introduction of the Frontier Stable Token (FRNT). Backed by U.S. dollars and short-term treasury bonds, FRNT is now operational on seven blockchain platforms including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. While FRNT is operational, it remains unavailable to the public due to ongoing regulatory hurdles.