Wyoming’s Frontier Stable Token (FRNT), the first stable token issued by a US state, is now live on the Hedera network, the team said Thursday.
The launch brings the stablecoin to eight blockchains in total, with deployments already live on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana.
Mance Harmon, co-founder of Hedera, said the platform’s infrastructure provides the reliability needed for regulated industries to innovate in digital payments.
Introduced last August, FRNT is a dollar-backed digital asset designed to enable faster and more efficient payments while maintaining transparency and accountability as a public-sector financial instrument.
Anthony Apollo, executive director of the Wyoming Stable Token Commission, said the launch demonstrates Hedera’s growing role in real-world asset innovation and regulated blockchain use cases.
FRNT is required to maintain 102% collateralization backed by short-term US Treasuries and cash.
The token is available on the Kraken exchange. Fireblocks provides the issuance and operational infrastructure, while LayerZero Labs enables cross-chain transfers via the Stargate platform.
The stablecoin will be spendable anywhere Visa is accepted through Apple Pay and Google Pay, supported by Avalanche infrastructure and fintech integration from Rain.
Source: https://cryptobriefing.com/wyoming-stable-token-frnt-live-hedera/
