The Wyoming Fixed Border Marker (FRNT), the first fixed marker issued by a US state, is now available on the Hedera network, the team said Thursday.
The launch brings the stablecoin to a total of eight blockchains, with deployments already live on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon and Solana.
Mans Harmon, co-founder of Hedera, said the platform’s infrastructure provides the reliability needed for regulated industries to innovate in digital payments.
“Underlying all of this is trust,” Harmon said. “Hedera’s technology provides the solid foundation that regulated industries need to confidently innovate and reimagine how payments move across networks and borders.”
Introduced last August, FRNT is a US dollar-denominated digital asset designed to enable faster and more efficient payments while maintaining transparency and accountability as a public sector financial instrument.
Anthony Apollo, executive director of the Wyoming Sustainable Token Commission, said the launch demonstrates Hedera’s growing role in real asset innovation and regulated blockchain use cases.
“Hedera has emerged as a leader in real asset innovation with management and performance for demanding regulatory use cases,” said Apollo.
FRNT is required to maintain 102% collateral backed by short-term US Treasuries and cash.
The token is available on the Kraken exchange. Fireblocks provides the publishing and operational infrastructure, while LayerZero Labs enables on-chain delivery through the Stargate platform.
Stablecoin is spent anywhere Visa is accepted through Apple Pay and Google Pay, powered by Avalanche’s infrastructure and Rain’s fintech integration.
