On September 2, PANews reported, according to The Block, that the Wyoming State Stablecoin Committee has adopted Chainlink Proof of Reserve to provide near real-time on-chain reserve verification for the state’s official stablecoin, Frontier Stable Token (FRNT). Building on its prior migration of cross-chain infrastructure from LayerZero to Chainlink CCIP, the committee has now 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.
Wyoming Expands Chainlink Partnership for FRNT On-Chain Reserve Verification
PANewsShare
Summary
Wyoming’s Stablecoin Committee has integrated Chainlink Proof of Reserve to provide on-chain reserve updates for the Frontier Stable Token (FRNT). The state’s official stablecoin now offers near real-time reserve verification. Chainlink has replaced LayerZero as the cross-chain infrastructure and is now the sole verification provider. The Network Firm will audit FRNT’s reserves in accordance with AICPA standards, publishing the data on-chain via Chainlink. This aligns with broader Federal Reserve initiatives on stablecoin oversight and transparency.
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