Up to 5%
Card interchange rate on government transactions. For every $1 million in resident payments, up to $50,000 disappears before it reaches public programs.
How Wyoming built a payment system that funds public schools.
Most states spend money on payments and get nothing back. Wyoming built a system where the payment infrastructure itself generates income, and that income flows directly to public schools.
GovernmentStablecoinSchool Funding
The scale of the problem
$70k
Lost by one county in one year. Converse County paid $70,000 in processing fees on $3.4 million in payments in 2024. Scale that statewide and the number compounds fast.
~$0.001
Cost per transaction on FRNT rails. The interchange problem does not have to be accepted. Wyoming proved it can be solved.
The interchange tax was the bug.
Every time a Wyoming resident paid a state fee, a license renewal, a hunting tag, a county utility bill, somewhere between 2 and 5 percent of that payment left the public treasury and went to a card network. For a single county, that came to $70,000 in 2024. Statewide, the number was orders of magnitude larger. None of it came back.
Wyoming's premise was that the payment infrastructure should belong to the state. The interest on reserves that back a state-issued digital dollar is a far better thing to direct toward public schools than a fee that disappears.
What FRNT does
- Fully reserved. 102% backing in U.S. dollars and short-term Treasuries, with public attestation.
- State-issued. Operated under the Wyoming Stable Token Commission. Validator set governed by state charter.
- Audit-grade. Every issuance, redemption, and approval captured in an immutable trail for legislative review.
- Yield-directed. Interest from the reserves is routed to public school funding by statute.
Why AvaCloud
The Commission needed production-grade rails it could stand up quickly and run without building a state-government blockchain team. AvaCloud's managed deployment got FRNT from kickoff to live production in under 90 days, with regulator-grade auditability and zero internal blockchain headcount required from the state.
What residents notice
Their fee still posts as expected. The receipt looks the same. The difference is downstream, the money that used to leave the state now stays inside it, and a portion of the float earns interest for the schools.
Results
Live since
January 2026
Backing
102% USD + short-term Treasuries
Yield destination
Public schools