Kraken Eyes Wyoming’s FRNT Stablecoin as Regulatory Progress Unfolds

Wyoming has achieved a groundbreaking milestone in the cryptocurrency space by becoming the first U.S. state to issue its own stablecoin, the Frontier Stable Token (FRNT). Launched across seven major blockchains including Solana and Ethereum, this initiative demonstrates Wyoming's strategic push to establish FRNT as a widely accessible digital asset from day one. While the mainnet is now live, public trading remains on hold as the project awaits necessary regulatory clearances. The FRNT stablecoin is backed by U.S. dollars held in reserve, ensuring its stability and reliability. This development is particularly significant for major exchanges like Kraken, which may soon list FRNT once regulatory approvals are secured. The move positions Wyoming at the forefront of state-level digital currency innovation, potentially setting a precedent for other states to follow. For Kraken and its users, the introduction of a state-backed stablecoin could offer enhanced trust and regulatory compliance, aligning with the exchange's commitment to providing secure and innovative trading options. As the regulatory landscape evolves, Kraken's potential integration of FRNT could further solidify its role as a leader in the cryptocurrency market, offering users access to a novel, government-sanctioned digital asset.

Wyoming Launches First State-Issued Stablecoin FRNT Across Multiple Blockchains

Wyoming has made history as the first U.S. state to issue its own stablecoin, the Frontier Stable Token (FRNT). The token debuted on seven major blockchains, including solana and Ethereum, signaling Wyoming's ambition to position FRNT as a widely accessible digital asset from inception. Despite the mainnet launch, public trading remains on hold pending regulatory clearance.

The FRNT stablecoin is backed by U.S. dollars and short-duration treasuries, with a unique 2% overcollateralization requirement mandated by the state. Unlike corporate-issued stablecoins, any interest generated from reserves will fund Wyoming's School Foundation Fund, directly linking cryptocurrency innovation to public benefit.

Kraken, the Wyoming-domiciled exchange, will serve as the initial distribution channel for FRNT, with Solana network support coming first. The state's approach combines technological ambition with fiscal responsibility—a model that could redefine public-sector involvement in digital assets.

Kraken Acquires Capitalise.ai to Enhance Pro Trading Platform

Kraken has acquired Israel-based Capitalise.ai, a no-code trading automation platform, marking a strategic expansion of its Pro exchange services. The deal brings natural-language strategy development tools to crypto traders without requiring programming skills.

Capitalise.ai's technology translates plain text into executable trades across multiple asset classes, including cryptocurrencies. The platform's backtesting and automation capabilities will integrate with Kraken Pro later this year, potentially attracting more institutional traders to the exchange.

"This gives clients a powerful new way to act on ideas in real time," said Kraken's head of exchange Shannon Kurtas. The acquisition includes key personnel from Capitalise.ai, suggesting deeper integration of traditional finance tools into crypto markets.