{"id":26246,"date":"2025-08-19T18:04:41","date_gmt":"2025-08-19T15:04:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26246"},"modified":"2025-08-22T17:36:22","modified_gmt":"2025-08-22T14:36:22","slug":"wyoming-becomes-first-us-state-to-launch-a-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wyoming-becomes-first-us-state-to-launch-a-stablecoin\/","title":{"rendered":"Wyoming Becomes First US State to Launch a Stablecoin"},"content":{"rendered":"<p>The state of Wyoming (USA) <a href=\"https:\/\/content.govdelivery.com\/accounts\/WYGOV\/bulletins\/3ee734a\">announced<\/a> the launch of the dollar-pegged stablecoin Frontier Stable Token, ticker FRNT, on seven blockchains.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdXRljIWGSARzYMZpR6CRD96zV9t9ilYEKVuziXo6DV1QFk8lg8NCVrpfTzmLipDwxW269wqbZLwFA5I7Ab8sBWHdI3_RjBBm8Cliy3vzyQPKMzddIl0INLM1FwPYoOjGMeb2ho?key=nXYnzzolWinCd8-BbEUQWw\" alt=\"Wyoming Becomes First US State to Launch a Stablecoin\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"http:\/\/stabletoken.wyo.gov\">stabletoken.wyo.gov<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The &#8220;stablecoin&#8221; is available on Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana networks.\u00a0\u00a0<\/p>\n<p>FRNT is backed by short-term US Treasury bills and the national currency. Legislation mandates a reserve volume of 102% for the coin.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Wyoming has become the first public state entity in the US to issue a blockchain-based stablecoin. FRNT is designed to provide secure, transparent, and efficient digital transactions for individuals, companies, and organizations worldwide,&#8221; the announcement stated.\u00a0<\/p>\n<\/blockquote>\n<p>According to the press release, the token will be made publicly accessible in the coming days through the state-registered exchange Kraken and the Visa-integrated <a href=\"https:\/\/forklog.com\/en\/news\/visa-on-chain-card-issuer-secures-25-million\">Rain platform<\/a> on the Avalanche blockchain.<\/p>\n<p>Wyoming, known for its proactive stance on blockchain legislation, established the Stable Token Commission in 2023 to develop and issue the coin.<\/p>\n<p>In developing FRNT, the agency collaborated with several companies:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>LayerZero \u2014 token issuance;<\/li>\n<li>Fireblocks \u2014 blockchain infrastructure;\u00a0<\/li>\n<li>Franklin Advisers \u2014 reserve management;<\/li>\n<li>Inca Digital \u2014 open-source development;\u00a0<\/li>\n<li>The Network Firm \u2014 auditing and monthly attestations.<\/li>\n<\/ul>\n<p>Governor Mark Gordon noted that since 2016, the jurisdiction has enacted over 45 legislative acts related to digital assets.<\/p>\n<h2 class=\"wp-block-heading\">FRNT and Visa<\/h2>\n<p>According to Rain representatives, Wyoming&#8217;s stablecoin will be usable wherever Visa is accepted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Wyoming just launched FRNT\u2014the first US state-issued, dollar-pegged stablecoin\u2014and made it spendable from day one via a Rain-issued card.<\/p>\n<p>The promise is huge: <br \/>\u2705 Instant tax refunds that are instantly spendable<br \/>\u2705 Streamlined social benefits that are easy to spend<br \/>\u2705 Automated\u2026 <a href=\"https:\/\/t.co\/DY7lqBxFjS\">pic.twitter.com\/DY7lqBxFjS<\/a><\/p>\n<p>\u2014 Rain (@raincards) <a href=\"https:\/\/twitter.com\/raincards\/status\/1957767838409650312?ref_src=twsrc%5Etfw\">August 19, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Supported payment channels include major mobile payment services and digital wallets like Apple Pay and Google Pay, as well as physical cards.<\/p>\n<p>Rain highlighted the following use cases:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>instant tax refunds;<\/li>\n<li>streamlined social benefits that are easy to spend;<\/li>\n<li>automated supplier payments.<\/li>\n<\/ul>\n<p>On July 18, 2025, US President Donald Trump <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-enacts-stablecoin-legislation\">signed<\/a> the federal GENIUS Act, initiating comprehensive regulation of &#8220;stablecoins.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state of Wyoming (USA) announced the launch of the dollar-pegged stablecoin Frontier Stable Token, ticker FRNT, on seven blockchains.<\/p>\n","protected":false},"author":1,"featured_media":26247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Wyoming announced the launch of the dollar-pegged stablecoin Frontier Stable Token on seven blockchains.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,807,26],"class_list":["post-26246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"204","promo_type":"1","layout_type":"1","short_excerpt":"Wyoming announced the launch of the dollar-pegged stablecoin Frontier Stable Token on seven blockchains.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26246"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26246\/revisions"}],"predecessor-version":[{"id":26248,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26246\/revisions\/26248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26247"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}