The Frontier Stable Token (FRNT), a stabilized digital currency approved by the state of Wyoming, is set to integrate with the Hedera blockchain. This development follows the successful launch of FRNT on seven major blockchains, including Ethereum, Solana, and Polygon, earlier in August. The Wyoming Stable Token Commission has selected Hedera as a suitable network, emphasizing the blockchain’s alignment with the state’s compliance and security objectives.
This decision comes after a deliberate review process by the Commission, which oversees the issuance of FRNT and evaluates potential network partners. Hedera’s technical features and its strong emphasis on compliance were crucial factors that led to this latest selection. While the integration into Hedera is confirmed, specific timelines for this transition have not yet been disclosed.
Despite the expansive launch on multiple blockchain networks, FRNT remains unavailable for public purchase. This situation has raised eyebrows, especially given previous expectations that the token would be accessible shortly after the mainnet launch. As of now, potential users are advised to wait for further announcements regarding purchase options, with both the Wyoming Stable Token Commission and Hedera indicating that updates will be forthcoming.
The ongoing expansion of FRNT and the growing crypto activity in Wyoming highlight the state’s commitment to shaping a favorable regulatory environment for digital assets. Wyoming has taken the lead in the U.S. by recognizing digital currencies similarly to fiat money, attracting significant attention from major crypto firms. For instance, in June, Kraken, a leading cryptocurrency exchange, announced plans to relocate its global headquarters to Cheyenne due to the state’s supportive regulatory framework. Additionally, the formation of the American Innovation Project at a recent Wyoming crypto conference underscores the state’s appeal as a hub for cryptocurrency innovation and regulation.
