Wyoming became the first state in the nation Tuesday to launch its own digital currency, a stable token that is backed by the U.S. dollar and short-term U.S. Treasury bills.

Using token issuance partner LayerZero, the Frontier Stable Token will soon be available on the Ethereum, Solana, Avalanche, Polygon, Arbitrum, Optimism and Base blockchain networks.

Buyers will get access to the token through Wyoming-based digital asset exchange Kraken in the coming days.

The Wyoming Stable Token Commission reported that the blockchain-based stable token offers the means to make “secure, transparent and efficient digital transactions” worldwide.

Gov. Mark Gordon, chairman of the Wyoming Stable Token Commission, said the launch is the result of years of effort and work from manypeople.

“For

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