Wyoming expands Chainlink use with onchain FRNT reserve verification

The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve for near-real-time, onchain verification of reserves backing the Frontier Stable Token, or FRNT. The Commission fully migrated FRNT from LayerZero to Chainlink's Cross-Chain Interoperability Protocol, or CCIP, after a security review. CCIP became FRNT's exclusive cross-chain infrastructure. More than $7.2 billion in onchain value has migrated from LayerZero to CCIP. Wyoming said it already exceeds the transparency requirements established by the GENIUS Act. The system will combine independent examinations with automated, onchain reserve verification. The Network Firm will examine FRNT's reserves and token supply under AICPA standards. Chainlink Proof of Reserve will make verified reserve data available onchain in near real time. Wyoming said the system is intended to reduce information gaps between reporting periods. Wyoming said the system will give regulators, institutions and market participants greater assurance that FRNT remains fully backed. The Commission is also adopting Chainlink Proof of Reserve Secure Mint. The feature would require verified reserves to equal or exceed FRNT's total supply before new tokens can be minted. The feature is designed to help prevent infinite-mint attacks. Anthony Apollo, executive director of the Commission, said the system will provide transparent, verifiable confirmation that FRNT is fully backed by high-quality reserve assets. FRNT went live in January as the first stable token issued by a U.S. state. FRNT is backed by U.S. dollars and short-term U.S. Treasuries. Income from the reserves helps diversify Wyoming's state revenues and support its School Foundation Program.