Frontier Stable Token (FRNT) Launching on Hedera Blockchain
The Frontier Stable Token (FRNT), a stablecoin sanctioned by the state of Wyoming, is set to be available on the Hedera blockchain following its mainnet launch in August.
According to a notice from Hedera on Thursday, the Wyoming Stable Token Commission — the organization responsible for the stablecoin’s issuance — has chosen the blockchain as a candidate for FRNT after evaluating various networks and approving the proposal.
Upon its initial launch, the stablecoin reportedly became operational on seven blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.
“The Commission selected Hedera for candidacy because its technical edge aligns with our commitment to security and compliance,” stated Anthony Apollo, executive director of the Wyoming Stable Token Commission.
While many anticipated that FRNT would be available for purchase shortly after the August launch, the Wyoming Stable Token Commission’s website indicated that users would not have this option as of Thursday.
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Hedera mentioned that details about purchasing the coin would be provided “soon.”
Despite a shift in policies and regulations at the federal level regarding crypto companies appearing to ease under US President Donald Trump, state governments continue to possess some authority in managing digital assets.
Wyoming, being one of the first states to classify crypto as fiat money, has attracted a range of companies, lawmakers advocating for digital assets, and numerous conferences.
In June, cryptocurrency exchange Kraken announced its plans to relocate its global headquarters to Cheyenne, highlighting “recognition of the pro-crypto policymakers and constructive regulations.”
The American Innovation Project, an advocacy group that launched during a conference in Wyoming, hosted an event where a Justice Department official proposed a significant shift in enforcement cases related to crypto and blockchain.
