Ecosystem
Wyoming Selects Hedera for First State-Issued Stablecoin (FRNT)
The partnership highlights growing government adoption of blockchain for public finance, even as the network's native HBAR token sees price volatility.
September 5, 2025
• Wyoming has chosen Hedera to host its official state-backed stablecoin, FRNT.
• The move makes FRNT the first state-issued stablecoin in the United States.
• Hedera's HBAR token experienced a 2% price drop despite the significant partnership news.
The state of Wyoming has selected the Hedera network to host its state-backed stablecoin, FRNT, alongside Avalanche. This marks a significant milestone as FRNT becomes the first US state-issued stablecoin, positioning Hedera as a key player in the government adoption of blockchain technology.
The Teton County-chartered stablecoin aims to provide a secure, fast, and compliant digital payment system for residents and businesses. The selection of Hedera underscores a growing trend of public sector entities exploring distributed ledger technology for transparent and efficient financial infrastructure.
Despite the landmark announcement, Hedera's native token, HBAR, experienced short-term market volatility. The token tumbled 2% in the final trading session, indicating that the positive fundamental news did not immediately translate to bullish price action. This disconnect highlights the complex factors influencing crypto markets beyond partnerships and adoption news.
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