The Frontier Stable Token (FRNT) is Wyoming’s state-launched stablecoin, fully backed by U.S. dollars and U.S. Treasurys with a 2% overcollateralization mandate, deployed across seven blockchains to enable secure, regulated digital payments for residents and businesses.
Wyoming launched the Frontier Stable Token (FRNT), a U.S. state-first stablecoin.
FRNT is backed by U.S. dollars and Treasurys and managed under state oversight.
Deployed on seven blockchains including Arbitrum, Avalanche and Ethereum for broad access.
Frontier Stable Token (FRNT): Wyoming’s state-backed stablecoin backed by USD and Treasurys, deployed on seven blockchains — learn what FRNT means for payments and regulation.
What is the Frontier Stable Token (FRNT)?
Frontier Stable Token (FRNT) is Wyoming’s state-issued stablecoin designed for secure payments and settlement. It is backed by U.S. dollars and U.S. Treasurys with a 2% overcollateralization requirement and is available on seven major blockchains for broader interoperability.
How is FRNT backed and governed?
FRNT’s reserve assets are held and managed under an institutional arrangement with Franklin Advisers. The Wyoming Stable Token Commission provides oversight and regulatory structure, and Governor Mark Gordon chairs the commission. Backing assets include cash equivalents and Treasurys to maintain peg stability and consumer protection.
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FRNT launched across seven blockchains, including Arbitrum, Avalanche and Ethereum, enabling use in Layer 1 and Layer 2 environments. Multi-chain deployment increases accessibility for wallets, exchanges, and decentralized applications while preserving on-chain settlement and transparency.
FRNT creates a regulated, state-backed payment instrument for commerce, removing some counterparty uncertainty found in uncollateralized or algorithmic stablecoins. With explicit state oversight and conservative reserve rules, FRNT is positioned as a transactional medium for businesses and public entities.
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Source: https://en.coinotag.com/wyoming-launches-frontier-stable-token-frnt-on-seven-blockchains-may-influence-u-s-digital-asset-regulation/