# State of Wyoming Launches A Stablecoin Source: https://ethdaily.io/765 Kiwi News: https://news.kiwistand.com/stories/State-of-Wyoming-Launches-A-Stablecoin?index=0x68a5b3cf8d7323b205b58e6e73091bad19fadd1ff0bc287845f884a989785bb7c667f9cd Submitted by pedrovilela.eth on 2025-08-20 UTC, 3 upvotes, 0 comments ## Summary The Wyoming Stable Token Commission, chaired by Wyoming Governor Mark Gordon, has launched the Frontier Stable Token (FRNT) on mainnet, described as the first state-issued stablecoin in the United States. FRNT is fully backed by U.S. dollars and short-duration treasuries held in trust, with a legislatively mandated 2% overcollateralization, and it is live on seven blockchains including Ethereum, Arbitrum, Base, Optimism, and Polygon. LayerZero handles issuance, Fireblocks provides infrastructure, and Franklin Advisers manages reserves. ## Article news - August 20, 2025 Frontier Stable Token (FRNT), the first state-issued stablecoin, is now live on Ethereum mainnet and six additional networks. Wyoming launches a stablecoin. Spire Labs introduces Pylon. Circle Gateway goes live. SharpLink buys 143k ETH. The Wyoming Stable Token Commission launched the Frontier Stable Token (FRNT) on mainnet, marking the first state-issued stablecoin in the United States. FRNT is fully backed by U.S. dollars and short-duration treasuries held in trust, with a legislatively mandated 2% overcollateralization to ensure stability. The stablecoin is now live across seven blockchains, including Ethereum, Arbitrum, Base, Optimism, and Polygon. It leverages LayerZero for issuance, with Fireblocks providing infrastructure and Franklin Advisers managing reserves. The Commission is chaired by Wyoming Governor Mark Gordon. Spire Labs introduced Pylon, a platform for launching based appchains with synchronous composability. The based appchains are sequenced by an Ethereum L2, allowing them to inherit an L2’s existing infrastructure, such as chain liquidity, user base, and distribution. The system currently uses a single coordinating sequencer node to synchronize all appchains in a sync zone. Pylon solves the fragmentation problem of appchains by preserving sovereignty while integrating with L2 ecosystems. Spire Labs is building the Based Stack, an open-source framework for customizable Ethereum appchains, pushing forward scalability and interoperability. Circle Gateway, a new cross-chain liquidity solution for USDC, is now live on mainnet across seven networks. Circle Gateway introduces a unified USDC balance that can be accessed from any supported chain, enabling near-instant, single-click cross-chain transfers without the need for bridging. By making USDC liquidity chain-agnostic, Circle Gateway improves capital efficiency and eliminates liquidity fragmentation. To use it, users deposit USDC into a Gateway Wallet contract on any supported chain. To initiate a transfer, users sign a burn intent and submit it to the Gateway API. After verification, the API issues an attestation, which is then sent to the Gateway Minter contract on the destination chain, allowing USDC to be minted while the equivalent amount is burned from the unified balance. SharpLink Gaming expanded its treasury with an additional 143,593 ETH purchased at an average price of $4,648. The purchase brings the company’s total holdings to 740,760 ETH, valued at just over $3 billion. Since its launch on June 2, SharpLink has also generated 1,388 ETH in staking rewards. Despite the growth, Bitmine Immersion Tech continues to hold the top spot as the largest ETH treasury company, maintaining nearly double the holdings of SharpLink. Nethermind introduces Catalyst Starknet decentralized validation upgrade Boundless introduces ZK Coin Bitmine buys 52k more ETH Solidity Summit 2025 in Argentina SEC in Chicago on September 15th SEC Chair Paul Atkins proposes a framework Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.