TLDR
- Wyoming launched 700,000 FRNT stablecoins across seven major blockchain networks on October 20.
- Each blockchain, including Ethereum, Solana, and Avalanche, received 100,000 FRNT tokens for testing.
- U.S. dollars and short-term Treasuries back the FRNT stablecoin with an additional 2% overcollateralization.
- The state plans to use revenue from FRNT reserves to support the education fund without raising taxes.
- Wyoming conducted a successful payment pilot on Avalanche that significantly reduced contractor payment times.
Wyoming executed a 700,000-token test of its government-backed Frontier (FRNT) stablecoin on October 20. Each of the seven blockchains received 100,000 FRNT tokens. This marked Wyoming’s first significant blockchain activity since the launch of its mainnet in August.
The deployment included Ethereum, Solana, Avalanche C-Chain, Arbitrum, Optimism, Base, and Polygon. Wyoming designed this test to check cross-chain performance and accessibility. The rollout was confirmed through data published by Dune Analytics researcher Marcov.
Officials said this move aligns with Wyoming’s long-term digital strategy. The state aims to modernize financial tools through blockchain without increasing taxes. Governor Mark Gordon called it a “modern revenue stream” to fund public services.
Wyoming Delays Solana FRNT Rollout Plans
Wyoming selected Solana for its upcoming public rollout phase. However, this launch remains delayed due to ongoing regulatory checks. Despite being fully technically ready, public access has not yet commenced.
Originally, Wyoming planned to release FRNT through Kraken, a local exchange. The state prioritized compliance over speed. According to Anthony Apollo, more beta testing and approvals are required.
Wyoming aims for strong oversight and secure adoption. Officials have confirmed that the phased release plan remains unchanged. “We are proving governments can innovate as well as regulate,” Apollo stated.
Wyoming continues internal testing to assess the strength of its public utilities and networks. These trials ensure readiness before a full-scale release. Officials confirmed that Solana’s selection was part of the initial August launch plan.
Ethereum, Avalanche, and Arbitrum Support Wider Blockchain Coverage
Wyoming included Ethereum to connect with the world’s most widely used smart contract platform. This ensures broader access for developers and interoperability. Ethereum’s ecosystem offers vast infrastructure for future public use.
Avalanche hosted a successful pilot earlier this year. Wyoming partnered with Hashfire for that trial. The pilot cut payment processing time from 45 days to a few seconds.
Arbitrum was chosen for its scalability and low-cost features. Wyoming tested FRNT’s performance under varying traffic conditions. The state prioritized networks offering speed and security.
Each blockchain’s role supports FRNT’s broader use-case testing. Wyoming aims to learn how FRNT functions across different environments. Officials confirmed that each chain serves a specific test metric.
FRNT Stablecoin Expands Testing Across New Chains
Wyoming added Polygon for its high throughput and growing user base. Its integration targets developers focused on decentralized apps. This allows the state to measure FRNT’s activity on lower-cost networks.
Optimism supports FRNT with layer-two Ethereum compatibility. Wyoming included it to test how the token performs under Ethereum’s rollup framework. This also allows reduced gas fees for users.
Base was included to test newer platforms. Wyoming officials said Base offers a testbed for future expansion. Together, these three blockchains complete the multi-chain evaluation phase.
Wyoming will issue monthly reports and audits. Franklin Advisers manages the reserve, while The Network Firm handles audits. The stablecoin remains backed by USD and short-term U.S. Treasury securities.
