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Wyoming Launches Visa-Backed Stablecoin Across 7 Blockchains

The Wyoming Stable Token Commission (WSTC), the official body authorized to issue stablecoins in the U.S. state of Wyoming, announced the mainnet launch of the Frontier Stable Token (FRNT) stablecoin.

FRNT is fully backed by U.S. dollars and short-term U.S. Treasury bills, carrying a 102% reserve requirement.

FRNT Now Live on 7 Blockchains

According to CryptoAmerica reporter Eleanor Terrett, FRNT is not yet publicly available but is already operational on seven blockchain networks:

  • Ethereum
  • Solana
  • Arbitrum
  • Avalanche
  • Polygon
  • Optimism
  • Base

Launch at Wyoming Blockchain Symposium

The FRNT launch will be officially presented at the Wyoming Blockchain Symposium, organized by the SALT financial network platform and Kraken exchange. Wyoming Governor Mark Gordon highlighted that since 2016, the state has enacted over 45 crypto and blockchain laws, and FRNT will offer modern, efficient, and secure financial solutions to citizens and businesses.

LayerZero Collaboration and Initial Use Case

To operate FRNT across multiple blockchains, WSTC partnered with LayerZero. Its first usability will be available soon via purchases on Solana through the Kraken exchange.

Avalanche developer Ava Labs confirmed that FRNT is accepted by Visa, enabling its use through:

  • Apple Pay
  • Google Pay
  • Physical cards

A Paradigm Shift in Digital Assets from Wyoming

WSTC Director Anthony Apollo stated that FRNT represents not only regulation but also an innovation model for bringing government processes into the digital age. An Ava Labs spokesperson added that FRNT is the same project previously known as Wyoming Stable Token (WYST) and Wyoming Electronic Stable Token (WEST).

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