Frontier Stable TokenPrice

(FRNT)

FRNT is a blockchain-based stable token, notable as the first fiat-backed, fully reserved stable token issued by a public entity in the United States. It is issued and backed by the State of Wyoming, providing a transparent and regulated digital asset. This makes FRNT a unique offering in the stablecoin market, combining governmental backing with blockchain technology for secure and efficient transactions.

FRNT is robustly backed 1:1 by U.S. dollars and short-term U.S. Treasuries, maintaining an additional 2% over-collateralization, ensuring each token is backed by at least $1.02 in reserves. These reserves are securely held in trust by the State of Wyoming and managed by Franklin Templeton, with Fiduciary Trust Company International providing custody. The Wyoming Stable Token Commission, operating under the Wyoming Stable Token Act (established March 2023), provides strict oversight. Its governance emphasizes transparency through public meetings and input.

FRNT offers secure, transparent, and highly efficient digital transactions. Users benefit from extremely fast transaction settlements (just a few seconds) and very low costs (cents or fractions of a penny). It provides 24/7 availability and enables direct peer-to-peer transfers, minimizing intermediaries. Designed for both domestic and international use, FRNT is compatible with various payment systems and digital wallets. A notable benefit is that interest generated from its reserves directly supports Wyoming's School Foundation Fund, linking token adoption with community development.

FRNT is natively issued on the Solana network, offering high performance and low fees. To ensure broad accessibility, it is also supported across six other major blockchains: Avalanche, Ethereum, Arbitrum, Base, Optimism, and Polygon. This extensive multi-chain presence allows for seamless integration into a wide range of decentralized applications and ecosystems. Its robust cross-chain functionality is powered by LayerZero technology, while secure infrastructure services are facilitated by Fireblocks, ensuring reliable and safe transfers across different networks.

FRNT is available for public purchase on leading cryptocurrency exchanges that support the Solana blockchain. It can also be acquired through certain Visa-powered card platforms, such as Rain, on the Avalanche network, expanding its accessibility for everyday use. The Wyoming Stable Token Commission itself does not directly sell FRNT to the public. Instead, it leverages a network of authorized resellers to distribute the token widely and efficiently, making it accessible through various platforms and channels.

FRNT offers diverse potential use cases across various sectors. It can facilitate faster and significantly cheaper payments and settlements for both individuals and businesses. The token also has strong potential to streamline government services, including tax payments, fees, and disbursements, enhancing efficiency and transparency in public administration. Furthermore, FRNT is positioned for institutional adoption, appealing to financial entities seeking a government-backed digital asset. A notable application is in Government-to-Citizen (G2C) payouts, where a prototype demonstrated reducing vendor payment times from 45 days to mere seconds, showcasing its transformative potential.