Wyoming has launched the Frontier Stable Token (FRNT), marking the first instance of a U.S. state issuing its own stablecoin. The token is backed by USD and short-term treasuries and is operational on seven blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base. Despite its launch, FRNT is not yet available to the public due to ongoing regulatory challenges.