Wyoming Ditches LayerZero for Chainlink in FRNT Stable Token Migration
The Wyoming Stable Token Commission has moved its state-issued FRNT stable token away from LayerZero and onto Chainlink's Cross Chain Interoperability Protocol (CCIP) after a security review found repeated operational failures at LayerZero Labs.
The Commission cited concerns around access controls, private key management, and incident disclosures as reasons for the switch. The agency also stated that LayerZero failed to transfer a production authorization to the Commission and did not maintain proper control of a critical private key tied to a live FRNT deployment.
FRNT is the first state-issued US dollar-backed stable token in the United States, deployed across eight major blockchain networks. The Commission said Chainlink CCIP was the only solution that met its institutional security requirements due to its decentralized network of independent node operators and rate limits.