Wyoming’s FRNT Stablecoin Integrates Chainlink Proof of Reserve for Enhanced Transparency
The Wyoming Stable Token Commission has integrated Chainlink Proof of Reserve for its state-backed FRNT stablecoin, allowing for onchain verification of reserve and token-supply data in near real time.
According to a September 2 announcement by the commission, this integration combines reserve and supply examinations performed by The Network Firm under AICPA standards with Chainlink's onchain verification tools. This setup supplements rather than replaces the existing external examination and independent-review process.
The new arrangement uses Chainlink Secure Mint, which requires verified reserves to equal or exceed FRNT's outstanding supply before new tokens can be issued. FRNT already has daily reserve attestations published through The Network Firm's LedgerLens platform.