Wyoming Governor Mark Gordon today announced the official launch of the $FRNT stablecoin.
FRNT is available on the Solana chain, but can be seamlessly cross-chained via Stargate Finance.
In the United States, the stablecoin market grew during the enactment of the Genius Act.
Wyoming Governor Mark Gordon announced the official launch of Frontier Stable Token ($FRNT) on Wednesday, January 7, 2025. FRNT Stablecoin was launched by the Wyoming Stable Token Commission to revitalize the local economy through digital assets.
Kraken’s FRNT token list via Solana Network
The FRNT stablecoin was made available on the Kraken exchange through the Solana (SOL) network on the first day of trading. FRNT stablecoin can also be seamlessly used on other chains led by Arbitrum (ARB), Base, Ethereum (ETH), Optimism (OP), and Polygon (POL) through Stargate Finance.
The strategic launch of FRNT follows President Donald Trump's administration's continued implementation of the Genius Act. The stablecoin market has grown to over $300 billion and is expected to grow rapidly due to natural global demand.
What's next?
According to Anthony Apollo, Executive Director of the Wyoming Stable Token Board, the future of FRNT must be pioneered through practicality. Wyoming plans to use FRNT stablecoin to reduce tax burden on residents.
“We look forward to expanding FRNT in 2026, including onboarding new partners for the resale of FRNT, deploying FRNT within state government agencies to make operations cheaper and more efficient, and partnering with other public entities aiming to do the same,” the Wyoming Stable Token Committee said.
With increased government efficiency, the FRNT stablecoin is well-positioned to gain traction in global markets as well. Additionally, the Solana network is one of the premier blockchains globally adopted, along with Ethereum (ETH) and Bitcoin (BTC).
