Wyoming’s ‘Frontier’ Stablecoin Debuts—Will It Offer Yield?
The post Wyoming’s ‘Frontier’ Stablecoin Debuts—Will It Offer Yield? appeared on BitcoinEthereumNews.com.
In brief Wyoming’s stablecoin became available to the public on Wednesday. Despite ambitions, the token does not currently offer a yield to holders. The token is available via Wyoming-based crypto exchange Kraken. Four months after Wyoming’s stablecoin was introduced, the Cowboy State declared on Wednesday that its Frontier Stable Token is now available to the public. As the first state-issued stablecoin in the U.S., the token that’s pegged to the dollar represents how private companies and governments both see opportunity in the technology, following the passage of landmark legislation for the sector this summer. Although people close to the token’s creation have said that the stablecoin could offer a yield, a spokesperson for the Wyoming Stable Token Commission told Decrypt that the feature is still under consideration, and it isn’t currently present. “We are exploring the possibility of providing yield, however it is not something we have at this stage,” they said. Those close to the Frontier Stable Token, such as Wyoming Democratic State Senator Chris Rothfuss, argued in July that the token could offer yield to investors, despite restrictions in the GENIUS Act legislation passed this summer, because Wyoming is a state—not a business. What’s more, the token’s backers have said the token will be distinct from other stablecoins offered by private companies, due to a “tall fence” between the state and federal government. Wyoming could push back against requests from federal authorities to seize or freeze funds on-chain, they said, while speaking as individuals. Rothfuss told Decrypt on Wednesday that the state has put together an “truly exceptional” team to manage the token, but the group’s work is far from finished yet. “We understand the incredible market demand for a yield-bearing [stablecoin], so we have talked about it internally, and are prioritizing work towards it,” he said.…
Filed under: News - @ January 7, 2026 10:25 pm