Wyoming Launches First Fiat-Backed Stablecoin FRNT
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Stablecoin Launch: Wyoming officially launched FRNT, the first fiat-backed stablecoin issued by a US state, aimed at generating new revenue for public services while reducing transaction costs and improving transparency.
- Cost Reduction: FRNT transfers can settle nearly instantly at about one cent per transaction, significantly alleviating the burden on residents compared to the $70,000 in credit card processing fees incurred on $3.4 million in transactions last year.
- Multi-Chain Compatibility: Through the Stargate bridging platform, FRNT can be utilized not only on the Solana network but also across multiple blockchains like Ethereum and Avalanche, enhancing its applicability within the digital asset ecosystem.
- Future Expansion Plans: The Wyoming Stable Token Commission plans to expand FRNT throughout 2026 by onboarding more resale partners and collaborating with other public entities, further solidifying the state's leadership in crypto-friendly policies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
