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Wyoming Stable Token Now Publicly Available

Posted by on January 7, 2026

Governor Gordan announced today in a press release the launch of the first fiat-backed, fully-reserved stable token to be issued by a public entity in the United States.

The Frontier Stable Token (FRNT) is now publicly available on Kraken, a Wyoming-domiciled cryptocurrency exchange and Special Purpose Depository Institution. Users can purchase the stable token on the Solana blockchain, and transfer to additional blockchains using the Stargate platform. FRNT is currently supported on the Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, and Solana blockchains.

FRNT is designed for both individual and institutional use. It is fully backed by U.S. dollars and short-duration U.S. Treasuries, which return interest income to the State. Stable tokens have emerged as a critical tool for stabilizing the U.S. economy as a purchaser of treasuries, during a period where key foreign holders are selling off their reserves.

Through the Commission’s pilot program, FRNT was demonstrated as a way to facilitate vendor engagement and payment, while maintaining the appropriate approvals and compliance checks. In November, Converse County Treasurer Joel Schell described how stable tokens can be used to put dollars back into the pockets of his constituents.

“The county is like any other business — we take credit cards, but we can’t raise registration fees and property taxes to absorb the processing costs, so we send those costs directly to the customers,” Treasurer Schell said. “Last year my office took in about $3.4 million in credit card transactions, which cost our constituents about $70,000 in fees that our processors collected. We’re anxious to get out of that climate and to move into something else. Electronic payments, especially the stable token, would let us get more efficient.”

Visit https://stabletoken.wyo.gov/

 

Posted in Advocacy on the Move, Wyoming Advocacy.

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