Wyoming launches first state-issued stablecoin in the US

Wyoming has cemented its reputation as America’s most progressive jurisdiction for digital assets with the official launch of its state-issued stablecoin, the Frontier Stable Token (FRNT).

Wyoming launches first state-issued stablecoin

Announced at the SALT Wyoming Blockchain Symposium, FRNT is now live on Avalanche’s blockchain and accessible through Rain’s Visa-integrated platform.

This makes it the first production-grade stablecoin issued by a US state and available for everyday commerce.

Mandated under the Wyoming Stable Token Act, FRNT is fully collateralised by short-duration US Treasury bills and cash, with a statutory requirement to hold reserves at 102% of outstanding issuance.

This structure aims to provide both security and transparency, ensuring that every token in circulation is backed by liquid, low-risk assets.

An Avalanche

The stablecoin’s deployment on Avalanche highlights the state’s focus on technological performance.

Avalanche offers sub-second settlement and low transaction fees, allowing FRNT to meet both consumer and enterprise-level needs.

Through Rain’s infrastructure, the token can be spent wherever Visa is accepted – including via Apple Pay, Google Pay, and physical cards – creating a seamless bridge between blockchain technology and traditional payment rails.

Wyoming Stable Token

Wyoming officials have been quick to frame the launch as a watershed moment for government innovation.

Anthony Apollo, executive director of the Wyoming Stable Token Commission, described the development as a “paradigm shift,” suggesting that programmable money could modernise state functions ranging from vendor payments to tax refunds.

A pilot conducted in July 2025 already showcased FRNT’s utility: contractor payments that previously took 45 days were settled in seconds, demonstrating a near-total elimination of administrative friction.

The initiative also reflects Wyoming’s long-standing leadership in digital asset legislation.

Since 2016, the state has passed more than 45 blockchain-related laws, positioning itself as a regulatory laboratory for the US.

John Wu, president of Ava Labs, called the FRNT launch “a historic financial innovation,” arguing that blockchain-powered public finance can be efficient, transparent, and oriented towards the public good.

For Rain, which issued the Visa-linked card, the partnership demonstrates the growing convergence of fintech and government-backed digital money.

Chief executive Farooq Malik noted that making FRNT instantly usable at the point of sale was essential to proving real-world impact.

As Wyoming refines the model, other US states are expected to study its blueprint.

The combination of legal accountability, enterprise-grade infrastructure, and seamless consumer integration positions FRNT as a prototype for the future of government-backed stablecoins.