With Trump becoming the US President, cryptocurrencies have become the focus of public institutions. States began voting on their own reserve laws, some introducing them and others rejecting them. Wyoming, on the other hand, did something others did not do and issued its own cryptocurrency. Moreover, the stablecoins issued by them in 7 networks are growing.
FRNT Coin
Solana, Wyoming Ethereum $4,042.11Arbitrum, Base, Optimism, Polygon and Avalanche
$20.76 C-Chain issued 100 thousand FRNT Coins on its networks. The total supply reached 700 thousand, and this move encourages example for other states. Proceeds from the stablecoin, backed by the dollar and short-term U.S. Treasury bonds, support Wyoming’s education fund.
It is important for states to issue their own stablecoins and use them widely locally and to increase the diversity of stablecoins. This token, issued by the Wyoming Stable Token Commission (WSTC) established in the state, was launched based on the Wyoming Stable Token Act. Wyoming Governor Mark Gordon heads the WSTC. Anthony Apollo serves as the director responsible for the day-to-day operation of the commission.
The test phase was announced in March 2025, and the official launch was made on August 19. The over-collateralization obligation of the token, which is collateralized at 102%, is determined by law. In other words, the peg risk of tokens with a value of over 100% is quite low.
Wyoming State Stablecoin
Even though it is one of the smallest states in the USA, Wyoming, where half a million people live, has a size of 253,000 km2. Even though it is a relatively small state, what they have done is a pretty big step by having the courage to issue their own stablecoin and taking this exemplary step.
For future tax refunds, state payments to citizens, public payroll, etc. FRNT Coin usage is anticipated. Now, while 700 thousand tokens have been put into circulation in a total of 7 networks, it may not be overly optimistic to expect this to transition from the “pilot application” phase to the next phase.
At the time of writing, BTC was at $110,500 and LINK Coin stands out with its 8% rise among altcoins with large market value. XRP Coin Even though it regained $2.45, the slowdown and reversal of BTC rise above $111,000 has started to reverse the gains for now.