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Wyoming Tests Multi-Chain Stablecoin FRNT in Bold Blockchain Experiment
Frontier (FRNT) – The State of Wyoming has taken a bold step in the evolution of public finance, deploying 700,000 Frontier (FRNT) stablecoins across seven major blockchain networks in what is being called one of the largest on-chain tests by a U.S. government entity.
According to blockchain researcher Marcov via Dune Analytics, the deployment occurred on October 20, with 100,000 FRNT tokens each distributed on Ethereum, Solana, Avalanche C-Chain, Arbitrum, Optimism, Base, and Polygon. This follows the token’s quiet mainnet launch in August, making Wyoming the first U.S. state to issue a government-backed stablecoin.
A New Era for Public Innovation
Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, emphasized the groundbreaking nature of the project. “Wyoming aims to prove governments can innovate as well as regulate,” he stated, underscoring the state’s dual role as both a public service provider and tech pioneer.
Each FRNT token is fully backed by U.S. dollars and short-term Treasuries, with a 2% overcollateralization requirement enshrined in law. The reserve is managed by Franklin Advisers, and The Network Firm provides monthly audits and attestations, enhancing transparency and trust.
Cross-Chain Functionality in Focus
The equal distribution of tokens across multiple chains is designed to test cross-chain performance, accessibility, and resilience. This multi-chain strategy was a key part of Wyoming’s stablecoin vision from the beginning, ensuring wide compatibility for developers and institutions alike.
The initiative builds on a July pilot program conducted with Hashfire on Avalanche, which cut government contractor payment times from 45 days to just seconds—demonstrating the technology’s potential to streamline financial operations.
Public Launch Delayed by Regulatory Hurdles
Initially, Wyoming had planned to release the FRNT token to the public via Kraken, beginning with the Solana blockchain. However, despite technical readiness, regulatory reviews have delayed the public rollout. Apollo confirmed that further compliance testing is underway before launch approval.
While no timeline has been set for public access or further issuance, monthly audit reports and transparency disclosures are expected as part of ongoing accountability. Commissioner Joel Revill, who also serves as CEO of Two Ocean Trust, noted that market forces will ultimately determine how FRNT is used in the long term.
For now, Wyoming’s FRNT rollout stands as a historic proof-of-concept for how state governments can leverage blockchain technology for real-world impact.
