On January 7, the Governor of Wyoming and chair of the state’s Stable Token Commission, Mike Gordon, announced the public launch of the Frontier Stable Token (FRNT), making it the first “fiat-backed, fully-reserved” stablecoin issued by a public entity in the U.S. As previously covered by InfoBytes, the governor announced the launch of the Frontier Stable Token in August 2025. The announcement stated FRNT is now available for purchase on a Wyoming-domiciled cryptocurrency exchange and Special Purpose Depository Institution and can be transferred across multiple blockchains. Governor Gordon highlighted FRNT’s potential to provide a more efficient, transparent and cost-effective payment option for both individuals and institutions. Moreover, Governor Gordon noted that FRNT provides an additional source of funding to Wyoming schools, thus having the potential to lower the taxpayer burden.