Wyoming stablecoin act. The debut underscores Wyoming’s pioneering.

Wyoming stablecoin act. The debut underscores Wyoming’s pioneering Aug 28, 2025 · On August 19, the Wyoming Stable Token Commission announced the launch of the Frontier Stable Token (FRNT), making Wyoming the first public entity in the United States to issue a May 5, 2023 · In March 2023, the Stable Token Act (the “Act”) became law in the State of Wyoming. Aug 22, 2024 · The Wyoming Legislature in May passed the Wyoming Stable Token Act that created a special commission to study the issue and ultimately issue stable tokens, which are usually tied to another asset-class, such as the U. Jun 21, 2025 · Wyoming is set to launch the Wyoming Stable Token (WYST), the U. The Frontier Stable Token, or FRNT, is the first such token. 1 The Act creates a Wyoming state commission (the “Commission”) that is tasked, by the end of 2023, with issuing a virtual currency that is backed by the US dollar (the “Stable Token”). The idea matured from practical pilots: in July 2025 Wyoming tested a prototype stablecoin (then called WYST) for government payments. S. This groundbreaking initiative cements Wyoming at the forefront of digital finance and blockchain innovation. Feb 12, 2025 · One such initiative is the Wyoming Stable Token. . The Wyoming Stable Token Commission was established in March 2023 with the passage of Senate Enrolled Act 85: Wyoming Stable Token Act, which authorizes the Commission to issue Wyoming Stable Tokens. dollar. Mar 28, 2023 · Despite the Act’s lack of details and noted shortcomings, Wyoming has assumed the risk and potential reward of being the first mover among 50 states to issue its own stablecoin. 's first state-backed, dollar-pegged stablecoin, on August 20, 2025. FRNT is designed to provide secure, transparent, and efficient digital transactions for individuals, businesses, and institutions - worldwide. May 14, 2025 · The Act was revised in 2024 through Senate Enrolled Act 44 - Wyoming Stable Token Act-amendments, which codified the types of permitted investments that shall back WYST, and granted the authority to the Commission to oversee its procurement processes. Aug 20, 2025 · In 2023, the legislature passed the Wyoming Stable Token Act and created the Stable Token Commission, explicitly empowering the state to issue a dollar-backed token. Treasury bond reserves. The Wyoming Stable Token Commission was established with passage of Senate Enrolled Act 85 – Wyoming Stable Token Act, which authorizes the Wyoming Stable Token Commission to issue Wyoming stable tokens. With the passage of the Wyoming Stable Token Act, the Wyoming Legislature affirmed its desire for the state to launch the first fully-reserved, fiat-backed stable token issued by a public entity in the United States. Authorized by the 2023 Wyoming Stable Token Act, WYST will generate revenue from U. The state is one of the first in the country to explore issuing its own cryptocurrency, which Gordon said highlights the Cowboy State’s commitment to innovation. May 1, 2023 · Remote access to the meeting will also be available via Zoom through this link. This bill, the Wyoming Stable Token Act (Act), creates the Wyoming stable token, a virtual currency representative of and redeemable for one United States dollar. Jan 30, 2025 · With the passage of the Wyoming Stable Token Act, the Wyoming Legislature affirmed its desire for the state to launch the first fully-reserved, fiat-backed stable token issued by a public entity in the United States. Aug 20, 2025 · Wyoming made history as the first US state to issue a blockchain-based stablecoin, launching the Frontier Stable Token (FRNT) in the state capital. oqwbt6 am mq3eb7 skrzr qxzvt nir 8tux uqybtc bxo vordm