Wyoming has officially launched state-issued stable tokens after announcing the plan last year.

What are they?

A state issued stable token is a government-backed digital currency designed to hold a stable value by being backed with government-held assets, like dollars and short-term U.S. treasuries. But unlike private stable coins, state tokens are rooted in government trust and legal mandates, which makes them a secure way to conduct transactions on a blockchain.

Key Characteristics of Wyoming's Frontier Stable Token

They are backed by the State of Wyoming. FRNT operates on seven major blockchains, including Ethereum, Solana, and Avalanche. The issuance and administration of FRNT are overseen by the Wyoming Stable Token Commission, established under the Wyoming Stable Token Act.

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