Wyoming on Tuesday introduced the Frontier Stable Token, or FRNT, becoming the first U.S. state to issue a dollar-pegged stablecoin. The mainnet launch was announced during the Wyoming Blockchain Symposium in Jackson Hole and is overseen by the state’s Stable Token Commission, chaired by Governor Mark Gordon. FRNT is fully backed by cash and short-term U.S. Treasury bills held in trust and is required to maintain a 2 percent capital buffer. Built with LayerZero’s cross-chain technology, the token is live on seven networks—Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism and Base—allowing transfers across multiple public blockchains. While the token is not immediately available to retail users, the commission said trading will open in the coming days on the Wyoming-domiciled exchange Kraken via the Solana network, and on Rain’s Visa-integrated card platform through Avalanche. Interest generated on the reserves will flow into the state’s School Foundation Fund once distribution mechanics are finalized. Wyoming’s move adds a public-sector entrant to a stablecoin market estimated at roughly $285 billion and dominated by private issuers such as Tether and Circle. Coming shortly after passage of the federal GENIUS Act, the launch underscores the state’s bid to cement its reputation as a digital-asset hub and may serve as a model for other jurisdictions exploring government-backed tokens.