The State of Wyoming has officially launched Frontier Stable Token (FRNT), becoming the first state in the U.S. to introduce a state-issued stablecoin backed by the dollar and built on Avalanche.
Launch of Frontier Stable Token (FRNT)
Wyoming has become the first U.S. state to issue the Frontier Stable Token (FRNT) in its digital currency project. FRNT is a fully-backed stablecoin created on the Avalanche platform. The launch happened in collaboration with Rain, a Visa-integrated platform, which allows users to spend FRNT wherever Visa payments are accepted, including Apple Pay and Google Pay.
Cross-Chain Availability of FRNT
FRNT has been deployed on multiple blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. This launch followed the passage of the GENIUS Act by the U.S. Congress and President Trump. The Rain platform will help ensure cross-chain availability of the token, opening new opportunities for users. Users will be able to purchase FRNT on Solana through the digital exchange Kraken.
Boosting Usage with Rain Platform
FRNT will be accessible on Visa-accepting platforms via Rain's infrastructure. The Rain-issued card represents the first real-world use case for FRNT, marking its transition from test conditions to full-scale deployment. According to Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, the token has already been successfully tested for real-time contract payments, significantly reducing transaction processing times.
The launch of Frontier Stable Token (FRNT) by Wyoming could serve as a foundation for other U.S. states looking to enter the stablecoin market and implement modern solutions in public finance.
