ME News reports that on September 2 (UTC+8), the Wyoming Stablecoin Committee announced the adoption of Chainlink Proof of Reserve to provide near real-time on-chain reserve verification for the state’s official stablecoin, the Frontier Stable Token (FRNT). Previously, Wyoming had migrated its cross-chain infrastructure from LayerZero to Chainlink CCIP and further designated Chainlink as the sole on-chain asset verification infrastructure. The audit firm The Network Firm will review FRNT’s reserves and token supply in accordance with American Institute of Certified Public Accountants (AICPA) standards, with verification data being recorded on-chain via Chainlink to minimize information gaps between reporting periods. (Source: ODAILY)
Wyoming Adopts Chainlink for Real-Time On-Chain Reserve Verification of FRNT
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Summary
Wyoming introduces on-chain transparency with the adoption of Chainlink Proof of Reserve for real-time verification of the state-backed Frontier Stable Token (FRNT). The Wyoming Stablecoin Council, originating from MetaEra, now uses Chainlink as its sole on-chain verification infrastructure after migrating from LayerZero to Chainlink CCIP. The Network Firm will audit FRNT’s reserves in accordance with AICPA standards, publishing the data on-chain via Chainlink. This move aligns with broader Federal Reserve initiatives on stablecoin oversight and transparency.
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