2026-01-08 01:23:10

The Wyoming Stable Token Commission has attracted attention with its latest move—launching the Frontier Stable Token (FRNT), which is now officially listed on the cryptocurrency exchange Kraken and available for public purchase.

This FRNT is quite interesting. According to official statements, it is the first stablecoin issued by a public institution in the United States, backed by a 1:1 fiat currency reserve system with full backing. In other words, each FRNT corresponds to a real asset of one US dollar. Even more remarkable, the interest generated from the reserves backing this stablecoin is not pocketed by corporations but is directly used to support educational programs in Wyoming—somewhat like using financial innovation to give back to public services.

On the technical side, FRNT is deployed on the Solana blockchain and supports cross-chain transfers to Arbitrum, Avalanche, Base, Ethereum, Optimism, and Polygon. This means users can move this stablecoin across different ecosystems without being locked into a single chain. From a payment perspective, it aims to match traditional USD-denominated payments, focusing on instant settlement, low fees, high auditability, and reduced counterparty risk—seemingly addressing the old issues of slow, expensive, and opaque traditional bank transfers.

The Wyoming commission’s ambitions go beyond this. They plan to expand the FRNT ecosystem by 2026, introducing more trading pairs and application scenarios, and even testing payment and clearing functions within state government agencies. If successful, this could serve as an interesting case study of government-issued stablecoins in practical governance.

SOL-0,42%

ARB0,28%

AVAX-0,41%

ETH0,23%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

PessimisticOracle

· 01-10 12:27

Another government stablecoin, this time it won't be PPP again, will it?

View OriginalReply0

Ramen_Until_Rich

· 01-08 01:49

Wait, can government stablecoins also support education? This script is a bit wild. --- Solana is about to take off again, right? Ecosystem applications are coming one after another. --- 1:1 fiat-backed sounds very stable, but who will audit it? --- Wyoming is really playing big. The expansion plan for 2026 seems very promising. --- Interest goes to education, not capital? How is that possible? I remain skeptical. --- Instant settlement with low fees, just like USDC haha. --- Cross-chain to six different chains, the liquidity aspect is quite well thought out. --- State government testing stablecoin payments... If this really works out, traditional banks will cry. --- The first public institution in the US to issue? Feels like not many people are paying attention to this. --- FRNT? The name is a bit plain haha, but the project concept is quite solid.

View OriginalReply0

MoonRocketTeam

· 01-08 01:44

Wyoming is really going all out this time, using interest to fund education projects? Is this to give stablecoins a new lease on life or just charity [笑] --- Wait, is Wyoming really going to settle internally with FRNT? If that happens, it will be a historic moment, but I bet five dollars some big shot will interfere --- Deployment on the Solana chain + six cross-chain supports, this is the way it should be, much better than being trapped on a single chain --- 1:1 USD backing sounds stable, but the question is, who will audit this reserve? Such details are often the trigger points for explosions --- 2026 expansion of the ecosystem plan... Attention, astronauts, our booster is still in the supply filling stage, and the orbital window has just opened --- Honestly, FRNT's logic is more clear-headed than most clone stablecoins. The key is whether anyone will dare to use it for settlement later on --- Once the US government stablecoin is out, global central banks will go crazy. This is the new competition for financial discourse

View OriginalReply0

BearMarketGardener

· 01-08 01:41

Interest funds into educational projects? This is what a stablecoin should look like. --- Another government-backed stablecoin, Huai Zhou's move is quite good. --- Crossing six chains, this liquidity design is indeed impressive. --- Wait, do all reserve interests really go into education? Or is it just another slogan? --- Seconds-level settlement with low fees sounds much better than traditional banks. --- We’ll see the real results by 2026; it's too early to tell now. --- Issuing stablecoins through public institutions—this is probably the first time in the US, right? --- Deployed on Solana but supports multiple chains; at least it's not tied to a single chain. --- The key is whether anyone actually uses it; whether there are enough trading partners is the core issue. --- Huai Zhou's recent move is a bit ahead of its time; it might be a prototype of the future.

View OriginalReply0

GasFeeCrier

· 01-08 01:25

1. Wait, cross 6 chains? So the gas fees are gonna multiply by 6...! 2. Interest going to educational projects? Sure, that’s a nice idea, but I wonder how it’ll actually play out in real use. 3. Running stablecoins on Solana... let’s wait and see, shall we? 4. Instant settlement, low fees—sounds like another utopia, a bridge trip that costs more than everything else combined! 5. Wyoming stepping in? Now that’s interesting, definitely more reliable than some projects out there!

View OriginalReply0