Wyoming has partnered with Fireblocks to introduce the Frontier Stable Token, which is the first government-backed stablecoin issued by a U.S. state.

This token was launched across seven blockchain networks and is overseen by the Wyoming Stable Token Commission. It is backed by US dollars and short-term treasuries, requiring a 2% overcollateralization as per statutory guidelines.

The primary objective of this initiative is to offer individuals, businesses, and institutions a secure and transparent digital settlement mechanism. According to officials from Wyoming, the token aims to establish a regulatory model that other states and government entities might adopt.

Technical Support and Regulatory Framework

To facilitate the launch, Wyoming chose Fireblocks for its tokenization and custody infrastructure. The selection was made through a competitive procurement process, enabling functionalities such as minting, burning, and multi-chain distribution of the token. Fireblocks’ system uses multi-party computation (MPC) technology and layered policy controls, aligning with institutional risk and compliance standards.

The transition from contract signing to full mainnet availability was completed within a year, showcasing how public-sector blockchain initiatives can be executed efficiently while maintaining regulatory safeguards. Representatives from the Wyoming Stable Token Commission emphasized that this process demonstrated government adoption of blockchain technology without compromising on regulatory requirements.

In the future, FRNT will also be accessible through the Wyoming-domiciled exchange Kraken, enhancing its availability. Officials highlighted that beyond serving as a payment tool, the project aims to serve treasury functions, disbursements, and cross-border settlements.