Wyoming Adds Chainlink Proof of Reserve to FRNT Stablecoin
The commission said the integration will give FRNT near-real-time reserve data and could block new minting unless backing meets supply.
- On Wednesday, The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve to publish verified data on FRNT's reserves and token supply onchain.
- Two weeks ago, Wyoming migrated FRNT from LayerZero to Chainlink's Cross-Chain Interoperability Protocol, making CCIP the token's exclusive cross-chain infrastructure.
- Combining independent examinations by The Network Firm with Chainlink's infrastructure, the system provides near-real-time visibility. The commission is working to adopt Secure Mint, ensuring verified reserves meet FRNT's total supply before new tokens are issued.
- Launched in January, FRNT is backed by dollars and short-term Treasurys, with interest income supporting Wyoming's School Foundation Program. The GENIUS Act requires monthly reserve disclosures.
- Chainlink's infrastructure is increasingly utilized across traditional finance, including integrations with the Depository Trust and Clearing Corporation, Fidelity International, and Project Pangea. The network recently became the pricing-data provider for Coinbase's B20 tokenized equities on Base.
25 Articles
25 Articles
Wyoming Adds Chainlink Onchain Reserve Verification to State-Issued FRNT Stablecoin
The US state of Wyoming is adding Chainlink-based reserve monitoring to its Frontier Stable Token, giving users access to verified on-chain data about the assets supporting FRNT with minimal reporting delay. The move further broadens Chainlink’s role in the state-issued stablecoin.Visit Website
Wyoming Stable Token Commission Adopts Chainlink Proof of Reserve To Set New U.S. Standard for Digital Asset Transparency
/PRNewswire/ -- The Wyoming Stable Token Commission, issuer of the first U.S.-state-issued stable token, today announced that the State of Wyoming has deepened...
Wyoming Integrates Chainlink Proof of Reserve for FRNT
Wyoming has adopted Chainlink’s Proof of Reserve infrastructure for its Frontier Stable Token, or FRNT, in a move designed to make reserve and supply information available directly to blockchain applications. The initiative will have The Network Firm examine FRNT’s reserves and circulating supply, while Chainlink will deliver the resulting data onchain. FRNT already provides daily […]
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