Zeros

Two States, Two Different Bets Wyoming issued its own stablecoin . Ohio opened its payment portal . The question behind both moves is the same one. Wyoming became the first U.S. state to issue its own stablecoin when the Frontier Stable Token — ticker FRNT — went on public sale in January 2026. The token is tethered one-to-one to the dollar , backed by U.S. Treasuries and cash held in a state trust managed by Franklin Templeton , and available for purchase through Kraken on the Solana and Avalanche blockchains.  The Wyoming Stable Token Commission , which was authorized by the Wyoming Stable Token Act in 2023, was explicit about where the money goes: net interest revenue from the Treasury reserves is earmarked for the state's School Foundation Fund . That is not a small thing to put in the fine print. Ohio took a different approach. Through its Buckeye Billfold initiative, the state now accepts digital asset payments for fees and services via a third-party proce...

Ohio's Got a Billfold and a Backstory Ohio just made history, and it did it quietly — the way Ohio does things . On May 22, 2026, Ohio Treasurer Robert Sprague announced the Buckeye Billfold initiative , which will enable Ohio residents to make payments to state agencies using a digital wallet, including those made with digital currency . Ohio is now, by its own account, the first state to successfully authorize and promote statewide agency use and acceptance of digital asset payments . Congratulations, Buckeye State. Pull up a chair. We have questions. Let's talk about the mechanics, because this is where it gets interesting — and where a lot of headlines are going to get it wrong . When making a payment, whatever digital currency you use will then be converted to U.S. currency . That's the part that deserves a slow read. Ohio isn't actually holding your Bitcoin , your ETH, or whatever asset you use. The state isn't becoming a digital as...