Wyoming State-Backed Stablecoin FRNT Is Live: Yield to Fund Education

Core Insights - Wyoming has transitioned from a state known for traditional industries to a hub for cryptocurrency, embracing digital assets and creating a favorable legal environment for crypto companies [1][2] Group 1: Legal Framework and Innovation - Wyoming has established itself as a leader in drafting comprehensive crypto laws, creating a legal "bridge" between traditional law and digital assets, which provides specific protections for crypto companies [2] - The state has launched the Frontier Stable Token (FRNT), the first stablecoin issued by a US state, aimed at providing a stable digital currency pegged to the U.S. dollar [3] Group 2: Financial Structure and Management - FRNT is backed by cash and short-term US Treasuries, with state law requiring additional reserves, ensuring that the stablecoin is overcollateralized with a +2% buffer [4] - The reserves for FRNT will be managed by Franklin Templeton, a major investment firm with over $1 trillion in assets, while custody will be handled by Fiduciary Trust Company International [4] Group 3: Market Position and Profit Utilization - The stablecoin market is currently valued at over $312 billion, with significant profits generated by stablecoin issuers like Tether, which reported over $10 billion in profits by Q3 2025 [6] - Unlike other stablecoin issuers, Wyoming plans to allocate all profits from FRNT to fund education through the Wyoming School Foundation Program, rather than distributing profits to shareholders [7]