Frontier (FRNT) is Wyoming’s new stablecoin, making Wyoming the first U.S. state to launch its own short-term, Treasury–backed stablecoin. The stablecoin has been launched across seven blockchains, and a portion of derived profits will be routed to fund state-level education.

Wyoming is looking to woo stablecoin usage from emerging markets and crypto users who seeking safety. Since this stablecoin is being issued by a public entity, the risk of fraud or a collapse is comparatively low. The token is fully reserved, 2% overcollateralized by mandate, and aims to pair public-sector oversight with crypto’s always-on settlement to attract usage and investment beyond the U.S. Under state law, the Wyoming Stable Token Commission is responsible for FRNT.

What’s Special About Frontier? 

FRNT comes with government sponsorship, public-sector oversight, and statutory overcollateralization. The pitch is that FRNT is a “Constitutionally protected public asset” free from restrictions and the lack of trust that private stablecoin issuers face. Wyoming and its partners have used this rights‑based framing, but FRNT will still be subject to anti-money laundering (AML) and sanctions compliance.

FRNT will allow for business-to-business (B2B) settlements for energy and other Wyoming-linked industries, plus cross-border trade flows seeking dollar settlement.

It also likely sits outside the new federal GENIUS Act framework because it is issued by a sovereign public entity. The state has already used FRNT to demonstrate how the token could be used with Hashfire, a contracting platform, to pay future vendors. 

The motive is both to modernize in‑state payments and economic development and to scale global adoption so reserve interest can fund public goods like schools. If FRNT does gain traction, B2B stablecoin transactions could gain popularity beyond just Wyoming.

Why Wyoming Built FRNT

Wyoming has spent years passing digital‑asset laws to position itself as a fintech hub, and a state‑issued stablecoin is the logical next step in that strategy. The state’s leaders frame FRNT as public infrastructure for instant low‑cost settlement that can improve government operations and catalyze private‑sector activity in payments, fintech, energy, and data‑center development. Plus, a credible public‑sector dollar token also helps attract crypto firms to domicile and invest in the state.

Wyoming’s design channels the net interest to the School Foundation Fund on a recurring schedule. The more FRNT in circulation, the more interest accrues. As such, the state has an incentive to make FRNT useful to a broad base of users, not just crypto‑native wallets. The incentive naturally extends to overseas users who want dollar exposure.

Should You Buy FRNT? 

The stablecoin space is seeing significant action in recent years, and while FRNT is an interesting alternative, it might not be the best one for you. Private stablecoins are already rigorously audited. FRNT is an offering from the least populous U.S. state, and the “public” label does not hold nearly as much weight as it would if the issuer were the federal government, for example.

Go-to stablecoin projects like USD Tether (USDT) and USD Coin (USDC) are popular for a reason. They already have the know-how and have tokens on multiple chains with fast transaction speeds and negligible fees. On top of that, big platforms offer yields on these well-established cryptos, which is not the case when it comes to FRNT.

I’d wait for FRNT to become more mainstream and gain more acceptance before switching.