By adding Hedera to FRNT’s infrastructure, Wyoming aims to demonstrate how blockchain can enhance efficiency, transparency, and speed in public payments, all under strict regulatory oversight.
Summary
- Wyoming selects Hedera to host its state-backed FRNT stablecoin.
- FRNT expands beyond seven blockchains, including Ethereum and Solana.
- Hedera chosen for speed, compliance, and reliable governance.
According to a press release dated September 4, the Wyoming Stable Token Commission has selected the Hedera network as the sole additional candidate to host its Frontier Stable Token (FRNT).
The move, decided during the commission’s Q2 evaluation, expands FRNT’s multichain presence beyond its initial seven networks, which include Ethereum and Solana. The commission cited Hedera’s compliance-ready governance model, speed, and reliability as the decisive factors meeting its stringent operational criteria.
FRNT and Wyoming’s digital asset ambitions
Conceived under the 2023 Wyoming Stable Token Act, FRNT is fundamentally different from privately issued stablecoins. It is an instrument of public policy, fully backed by U.S. dollars and short-term Treasuries, with an additional two percent reserve for stability.
Per the statement, the stablecoin aims to modernize the state’s own financial plumbing, recapturing value lost to intermediary fees and bureaucratic delays. A portion of the interest earned on its reserves is legislated to fund Wyoming’s School Foundation Program, linking its success to public benefit.
“Our goal with FRNT is to set a new standard for how states leverage digital assets to better serve the public,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. “The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance.”
To bring this vision to life, Wyoming has assembled a consortium of private-sector partners, relying on LayerZero for cross-chain issuance, Franklin Advisers for reserve management, and Fireblocks for secure infrastructure. Initial distribution is being channeled through controlled, compliant pipelines like the Kraken exchange and a Visa-integrated card platform from Rain on Avalanche.
The Hedera team said FRNT has been piloted for specific, high-impact government functions, with internal use cases including disbursing payments to state contractors, managing emergency relief funds where speed is critical, and potentially streamlining public payroll systems.
However, a significant gap remains between these controlled pilots and broader public accessibility. As noted by crypto journalist Eleanor Terrett last month, “due to lingering regulatory hurdles, the token is not yet available to the public.”
