Wyoming Governor Mark Gordon announced that the state's Frontier Stable Token, or FRNT, is now available for purchase on the cryptocurrency exchange Kraken. This marks the culmination of plans first revealed last August to issue a state-backed digital currency. The token aims to offer faster and more transparent transactions while directing interest earnings to the Wyoming School Foundation.
Wyoming has entered the realm of government-issued digital currencies with the launch of its Frontier Stable Token (FRNT). On January 8, 2026, Governor Mark Gordon revealed that the token can now be bought on Kraken, fulfilling an initiative announced the previous August.
Initially skeptical, Gordon allowed enabling legislation to pass without his signature in 2023, citing vague provisions and a lack of solid planning. Analysts last summer dismissed the idea as a gimmick lacking a clear use case. However, Gordon has since embraced the project, proclaiming Wyoming an "innovation leader for our nation." In a press release, he stated that the digital currency "further demonstrates the strength of our enterprise and provides our citizens, businesses, and the nation a cheaper, faster, and more transparent means of transacting." Proceeds' interest will fund the Wyoming School Foundation Program.
Such state-level cryptocurrencies remain uncommon. North Dakota introduced the Roughrider coin in October 2025, initially limiting it to banks for stability before planning public sales. Broader legislative efforts vary: Texas established a $10 million Strategic Bitcoin Reserve, with Senator Charles Schwertner dubbing bitcoin "digital gold." Arizona Governor Katie Hobbs vetoed a bill to invest up to 10% of state funds in crypto, calling virtual currencies "untested."
Colorado has accepted crypto payments since September 2022, recording 113 transactions worth $115,000 by October 2025. Recent proposals include Florida's bill for a strategic crypto reserve and Maine's commission on blockchain. Yet many initiatives falter, as seen in New York's veto of a study task force due to funding issues and Georgia's stalled education campaign on Web3 technologies.