Wyoming Bolsters Stablecoin Transparency with Chainlink Integration
The state of Wyoming is enhancing its Frontier Stable Token (FRNT) by integrating Chainlink's Proof of Reserve technology to provide near-real-time onchain reserve verification.
This integration combines independent examinations by The Network Firm with Chainlink's infrastructure, making verified data on FRNT's reserves and token supply available in near real time. Wyoming already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures of reserve composition and outstanding stablecoin supply.
The commission is also working to adopt Chainlink's Secure Mint feature, which would require verified reserves to equal or exceed FRNT's total supply before new tokens can be minted. This move comes about two weeks after Wyoming fully migrated FRNT from LayerZero to Chainlink's Cross-Chain Interoperability Protocol.