Wyoming on 19 August became the first U.S. state to issue its own stablecoin, rolling out the Frontier Stable Token (FRNT) during the Wyoming Blockchain Symposium in Jackson Hole. The dollar-pegged token is overseen by the Wyoming Stable Token Commission, chaired by Governor Mark Gordon, and went live simultaneously on seven networks, including Ethereum, Solana and Avalanche. FRNT is fully reserved with cash and short-term U.S. Treasuries and is structured to hold 2 percent more collateral than the value of tokens in circulation. Interest generated from those reserves will be paid quarterly into the state’s School Foundation Fund, creating a public-purpose revenue stream rather than a corporate profit pool. The coin was built with LayerZero’s Omnichain Fungible Token standard, giving it potential reach to more than 100 blockchains. Public trading is expected in the coming days through Wyoming-based exchange Kraken and via Rain’s Visa-integrated card on Avalanche, pending final regulatory clearances.