FRNT, issued by the Wyoming Stable Token Commission, is a fiat-backed, fully-reserved stablecoin that maintains a 1:1 peg to the U.S. dollar (USD), issued and redeemable at USD 1.00 and publicly available since January 7, 2026. [S1]

Each FRNT references the U.S. dollar at a 1:1 peg and is issued and redeemed at USD 1.00. [S1] Reserves comprise exclusively cash, U.S. Treasury securities maturing within 365 days, and U.S. Treasury repurchase agreements with terms of 30 days or less. [S2] Tokenholders receive no interest, yield, or return; interest income on reserves accrues to the State of Wyoming, with earnings beyond the 102% reserve transferred to the state school foundation program. [S1][S2]

The issuer is the Wyoming Stable Token Commission, a public entity of the State of Wyoming created by the Stable Token Act and codified at W.S. 40-31-101 et seq., governed by Wyoming law. [S1][S2] FRNT is a virtual currency, not money or legal tender, treated as a security under Wyoming Uniform Commercial Code Article 8, and constitutes a special obligation payable solely from the Wyoming Stable Token Trust Accounts without the State's full faith and credit. [S2] With limited exceptions, only Licensed Service Providers passing Know Your Business review may purchase or directly redeem FRNT at USD 1.00. [S2][S3] FRNT is not FDIC or SIPC insured. [S3]

FRNT is issued onchain across seven public networks: Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana. [S1] The Commission holds sole statutory authority to mint and redeem at USD 1.00 and directly oversees freezes and seizures upon valid legal order. [S1][S3] Monthly reserve attestations with independent opinions have been published since October 31, 2025. [S1]

<Sources
  retrievedAt="2026-06-24"
  items={[
    { id: "S1", url: "https://stabletoken.wyo.gov/assets/media/brief.pdf" },
    { id: "S2", url: "https://stabletoken.wyo.gov/assets/media/terms.pdf" },
    { id: "S3", url: "https://stabletoken.wyo.gov/assets/media/risk.pdf" },
  ]}
/>


# Asset senders (daily) methodology

## 1. Overview

Asset senders (daily) is calculated as the number of unique addresses that initiate asset transfers within a fixed 24-hour window. Daily activity is measured from 00:00 UTC to 23:59 UTC for each tracked asset. Active transactors are isolated from passive recipients by identifying only the sending addresses of transactions. This metric is utilized to evaluate the daily active user base and transaction utility of tokenized assets across multiple blockchain networks.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions, covering Solana
- **Aptos, Cardano, Stellar Classic, and Sui events**: Token withdraw events, covering Aptos, Cardano, Stellar, and Sui
- **Near, Algorand, Injective, Ripple, and Stellar Soroban events**: Token transfer events, covering Near, Algorand, Injective, Ripple, and Stellar
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet, covering Polkadot Asset Hub
- **Asset metadata**: Token addresses and chain configurations

## 3. Step-by-step calculation

### Component A: Extract sender addresses

- **Purpose**: Identify and extract the unique sending addresses for each asset transfer across all supported chains.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from the `from` field of ERC-20 `Transfer` events, excluding the zero address to filter out mint transactions. On Solana, sending addresses are extracted from the authority address field of token transfer instructions. On Aptos, Cardano, Stellar Classic, and Sui, sending addresses are identified from the account address field of token withdraw events. On Near, Algorand, Injective, and Stellar Soroban, sending addresses are extracted from the sender address field of token transfer events, with null addresses excluded. On Ripple, sending addresses are extracted from token transfer events where the transfer value is negative. On Polkadot Asset Hub, sending addresses are extracted from the event data of `Transferred` events emitted by the `assets` pallet.
- **Key fields**: `timestamp` (block timestamp truncated to daily grain), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Consolidate and deduplicate sender data

- **Purpose**: Aggregate sender addresses across all chains and prepare the dataset for daily unique counting.
- **Logic**: Sender records from all individual chains are consolidated into a unified dataset. For each asset on each chain, the sending addresses are grouped by day. To prevent double-counting, duplicate sender addresses for the same asset on the same chain within the same 24-hour window are removed.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `sender_address` (unique sending address)

### Component C: Final aggregation

- **Purpose**: Calculate the final daily active sender count per asset and per chain.
- **Logic**: The consolidated dataset is aggregated to compute the daily active senders. Unique sending addresses are counted for each asset on a daily basis, both at the individual chain level and aggregated across all chains for multi-chain assets. If no transfer activity is recorded for a tracked asset on a given day, the daily sender count is filled with zero values.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `asset_dau` (daily active senders count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a fixed 24-hour window.

Asset senders (daily)

Stablecoins

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Real-world asset (RWA) issuers

Wyoming Stable Token Commission

Frontier Stable Token (FRNT) is a U.S. dollar stablecoin issued by Wyoming Stable Token Commission through Wyoming Stable Token Commission.

Each token is redeemable one-for-one for U.S. dollars and is a direct claim on the issuer.

Reserves are held in cash, Treasury bills, and repurchase agreements, attested daily by The Network Firm LLP.

Institutions can mint and redeem directly with Wyoming Stable Token Commission in USD, and holders have a contractual right to redeem at par.

Wyoming Stable Token Commission is the issuing entity.

Holder terms are governed by the law of Wyoming in the United States.

FRNT has been issued on public blockchains since August 2025 and is native to 8 networks, including Arbitrum One, Avalanche, Base, Ethereum, OP Mainnet, and Polygon.

Frontier Stable TokenFRNT