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The "Frontier Stable Token" is now publicly available on crypto exchange Kraken, trading under the ticker symbol FRNT, making Wyoming the first state to issue a blockchain-based stablecoin.
What's the Scoop?
- Now Public: According to a press release from Wyoming Governor Mark Gordon, the Frontier Stable Token (FRNT) is now publicly available on Kraken, a Wyoming-domiciled cryptocurrency exchange and Special Purpose Depository Institution.
- Multichain Presence: The FRNT token is currently supported on the multiple networks, including the Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and
Solana blockchains. Cross-chain bridging services are provided by Stargate Finance. - Commission Model: FRNT tokens are issued by the Wyoming Stable Token Commission, an entity established in March 2023 under the Wyoming Stable Token Act that is tasked with issuing fully-backed stablecoins in a manner that that aligns with state laws and fiscal responsibility.
- Safe Reserves: FRNT is more than 1:1 backed by U.S. dollars and short-duration U.S. Treasuries, with a legislatively mandated 2% minimum overcollateralization target. All earned interest income is returned to the State.
I'm pleased to announce the official launch of the Frontier Stable Token (FRNT$) this morning. pic.twitter.com/ruc7enIt0h
— Governor Mark Gordon (@GovernorGordon) January 7, 2026
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