Stablecoin
The Frontier Stable Token is issued by the Wyoming Stable Token Commission for the State of Wyoming, the first stable token from a US public body, and is backed by dollars and short-term US Treasuries with 2% overcollateralization required by statute. It launched on 19 August 2025 on seven networks: Ethereum and its layer 2s Arbitrum, Base and Optimism, plus Avalanche, Polygon and Solana. Solana holds the largest share of its supply.
In the record
14
Months since it was first seen
7
Institutions of its kind in the record
Other public sector deployments
- Royal Government of BhutanNational digital identityOctober 2025
- U.S. Department of CommerceOfficial economic data published onchainAugust 2025
- Government of the City of Buenos AiresDecentralized digital identity (QuarkID)October 2024
- State of Colorado (Department of Revenue)State tax payments in cryptocurrency, ETH among the coins, converted to dollarsSeptember 2022
