The Wyoming Stable Token Commission (WYST) has announced the creation of the Frontier Stable Token (FRNT), the first stablecoin to be issued by a U.S. state. The token will be built on the Hedera network.
Developed under the 2023 Wyoming Stable Token Act, FRNT is fully backed by U.S. dollars and short-term Treasury securities, with an additional 2% reserve to ensure stability. According to Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, Hedera was chosen for its strong security and compliance features.
The introduction of FRNT is a major step in state-managed digital finance and has positively impacted the market. Following the announcement, Hedera’s native token, HBAR, saw a 1.1% price increase. Anthony Apollo stated that the goal of FRNT is to create a new standard for how states can use digital assets to serve the public.
September 2025, Cryptoniteuae