Wyoming's official stablecoin, Frontier Stable Token (FRNT), has officially launched for public purchase, making it the first dollar stablecoin directly issued by a state government in the United States.

Led by the Wyoming Stablecoin Committee, the project has an interesting core logic——the state government puts US dollar cash and US short-term Treasury bonds on the blockchain, achieving transparent asset management through blockchain technology. FRNT adopts an over-collateralization scheme, maintaining a reserve ratio of over 102%, managed by Franklin Investment Advisors, ensuring that each token is backed by real assets.

What’s more impressive is its social significance. The interest income generated by FRNT’s reserve assets does not go into the state treasury but is directly used to fund public school education programs. From another perspective, this makes the stablecoin a form of "public property"——investors purchasing tokens are actually contributing to the state's education. For the government, it also opens up an additional revenue channel beyond taxes.

Franklin Templeton CEO Jenny Johnson stated that this collaboration demonstrates the innovative potential of traditional financial institutions working with state governments in the blockchain field. From the underlying technology to application scenarios, FRNT exemplifies the evolution of stablecoins from financial tools to public services.