Wyoming’s Frontier Stable Token (FRNT) Set to Launch on Hedera

Wyoming is poised to make history with the launch of the Frontier Stable Token (FRNT), the first state-issued stablecoin in the U.S., on the Hedera network. Backed by U.S. dollars and short-term Treasuries, FRNT includes a 2% reserve buffer to ensure stability. The initiative, born from the Wyoming Stable Token Act of 2023, aims to showcase the potential of digital assets in revolutionizing public finance through faster, more transparent transactions.

Proceeds from Treasury investments will directly benefit Wyoming’s School Foundation Program, channeling funds into education statewide. Hedera emerged as the sole blockchain candidate after a rigorous Q2 evaluation, praised for its speed, reliability, and regulatory compliance. "FRNT sets a new benchmark for state-level digital asset adoption," said Anthony Apollo of the Wyoming Stable Token Commission, highlighting Hedera’s technical prowess as a key factor in the selection.