US First State-issued Stablecoin FRNT Expands on Hedera

The Frontier Stable Token (FRNT), issued by the state of Wyoming, will expand to the Hedera blockchain following its August mainnet launch.

Before the news, Hedera (HBAR) had fallen to $0.2113, but following the announcement, it recovered to $0.2136, marking a modest 1.1% rebound that ended its recent decline.

Wyoming Picks Hedera After Rigorous Review

The Wyoming Stable Token Commission (WYST) announced the move after a Q2 review that found Hedera’s performance, governance, and regulatory alignment suitable for public finance applications.

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FRNT, short for the Frontier Stable Token, is the first state-issued stablecoin in the United States. It was created under the Wyoming Stable Token Act of 2023 and is fully backed by US dollars and short-term Treasuries, with an additional reserve for stability.

Wyoming explains that they chose Hedera as the only additional blockchain candidate for FRNT after evaluating speed, reliability, and compliance. “The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission.

Hedera’s governance model, led by the Hedera Council of global institutions, played a key role in the decision. The Hedera network is already trusted by governments and enterprises, including the UK Civil Aviation Authority, IBM, Google, and Mondelez, for real-world adoption.

Despite its mainnet debut across Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base, FRNT remains under limited rollout. The Commission noted that purchasing options are not yet available, with Hedera stating that more details will come “soon.”

Wyoming’s Distinct Approach to Stablecoins

FRNT is of added significance for Wyoming and the broader market. As a public financial instrument, FRNT differs from privately issued stablecoins. It operates under state law, and liquid assets back it entirely. An additional reserve provides extra stability. WYST’s framework ensures transparency and prioritizes public benefit.

“Our goal with FRNT is to set a new standard for how states leverage digital assets to better serve the public,” Apollo said.

Wyoming has become a national leader in digital asset policy, attracting companies like Kraken. Kraken plans to move its global headquarters to Cheyenne, the state capital and a longtime hub for energy and finance.

Interest earned from Treasury holdings directly supports Wyoming’s School Foundation Program, aligning digital asset innovation with education funding. Early pilot programs have tested FRNT in contractor payments, emergency disbursements, and payroll systems.