“Wyoming is an innovation leader for our nation — from our core energy, agriculture and tourism industries to education and beyond.”





wyoming governor mark gordon




FOR IMMEDIATE RELEASE

*Wyoming Ushers in New Era: Launches First-of-its-kind Frontier Stable Token for Public Purchase*

"“Wyoming is an innovation leader for our nation — from our core energy, agriculture and tourism industries to education and beyond.”"

*Cheyenne, WYO, Jan. 7**, 2026 *— Governor Mark Gordon (R-WY) today announced his home state’s historic launch of the first fiat-backed, fully-reserved stable token to be issued by a public entity in the United States. Gordon, Chairman of the seven-member Wyoming Stable Token Commission [ [link removed] ], lauded the innovative foresight of state legislators for “working nearly a decade to set the foundational legislation to make this venture possible.”

The Frontier Stable Token (FRNT) is now publicly available on Kraken [ [link removed] ], 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.

“Wyoming is an innovation leader for our nation — from our core energy, agriculture and tourism industries to education and beyond,” Governor Gordon said. “Today, our embrace of digital assets further demonstrates the strength of our enterprise and provides our citizens, businesses, and the nation a cheaper, faster, and more transparent means of transacting. Importantly, FRNT provides another source of funding for our schools and can lower the taxpayer burden in our state.”

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.

Governor Gordon thanked the Commissioners, Executive Director Anthony Apollo, and the commission staff for their years of effort in bringing FRNT to launch.

“We are excited to make FRNT available to the public and look forward to scaling the program throughout 2026,” said Director Apollo. “While we are working towards growing the supply of FRNT in circulation, we are also looking forward to utilizing the stable token as a tool to enhance government efficiency.”

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.”

*"About Governor Mark Gordon."*" Prior to his election as Wyoming’s 33rd Governor, Gordon served the people of Wyoming as State Treasurer (2012-2019), ranking in the top 100 “Most Significant and Impactful Public Investor Executives” (The Sovereign Wealth Fund Institute). Under his guidance as Treasurer, Wyoming’s Sovereign Funds earned a No. 1 ranking for the United States and No. 3 in the world for transparency (Peterson Institute). Gordon previously served as a Class B Director at the Federal Reserve Bank of Kansas City. Re-elected to his second term with 74% of the vote, he is consistently ranked among the top four most popular governors in the nation (Morning Consult). A conservative, Gordon works tirelessly to set Wyoming on a sustainable fiscal path, spearheading efforts to diversify Wyoming's economy. "

*"About Wyoming Stable Token Commission."*" Established in March 2023 under the Wyoming Stable Token Act, the Commission is tasked with issuing fully-backed stablecoins that align with state laws and fiscal responsibility. Its mission is to enhance financial transparency while driving economic growth through blockchain innovation. "

*For More Information:*

Stephanie Chan, Senior Business Project Management Analyst, Wyoming Stable Token Commission, [email protected]

Janelle Collins, Strategic Communications Director, Governor Gordon, [email protected]

Amy Edmonds, Communications Director, Governor Gordon [email protected]

Visit [link removed].

                                                                       ###







________________________________________________________________________

 Wyoming Seal [ [link removed] ]

   



STAY CONNECTED: Subscribe for emails [ [link removed] ] Twitter [ [link removed] ]   Facebook [ [link removed] ]    

SUBSCRIBER SERVICES:
Manage Subscriptions [ [link removed] ]  |  Unsubscribe All [ [link removed] ] |  Subscriber Help [ [link removed] ]

________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Governor of Wyoming · State Capitol, 200 West 24th St · Cheyenne, WY 82002-0012 · 307-777-7434 GovDelivery logo [ [link removed] ]