Wyoming's Frontier Stable Token (FRNT), the first state-issued stablecoin in the United States, is set to launch on the Hedera blockchain, marking a significant step in the state's digital finance initiatives. The Wyoming Stable Token Commission (WYST) approved Hedera as a candidate blockchain for FRNT after a thorough review of potential networks.

FRNT's mainnet launch occurred in August, with the stablecoin going live on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. The addition of Hedera aims to enhance the token's security and compliance. Anthony Apollo, executive director of the Wyoming Stable Token Commission, stated that Hedera's technical capabilities align with the commission's commitment to these values.

Hedera was selected due to its ability to provide fast settlement, predictable costs, and trusted governance. Transactions on Hedera finalize in seconds with low, fixed fees. The network can process 10,000 transactions per second and maintains a carbon-negative footprint, making it suitable for retail payments, tax refunds, and emergency aid. The Hedera Council, which includes global institutions, governs the network to ensure stability and trust.

FRNT operates under the Wyoming Stable Token Act of 2023 and is legally distinct from private-sector stablecoins. The token is fully backed by U.S. dollars and short-term Treasuries, with an additional 2% reserve for extra stability. Interest earned from Treasury purchases will support Wyoming's School Foundation Program. The stablecoin is designed to modernize Wyoming's financial infrastructure by removing unnecessary delays and intermediaries in public payments.

Despite the mainnet launch in August and the recent announcement of Hedera as a new platform, FRNT is still not available for public purchase. The Wyoming Stable Token Commission website indicates that purchasing options are not yet available. Hedera has stated that information regarding the purchase of FRNT will be released soon. The commission does not anticipate selling FRNT directly to the public. Instead, FRNT will be available through authorized resellers that complete a "Know Your Business" review. FRNT is anticipated to be available for public purchase in September 2025.

Wyoming has been proactive in the cryptocurrency space, with Senator Cynthia Lummis aiming to have a market structure bill on the President's desk by the end of the year. Wyoming was one of the first states to treat crypto as fiat money. The state has attracted crypto companies, lawmakers campaigning on digital assets, and conferences.