ME News reports that on September 2 (UTC+8), Chainlink announced that the Wyoming State Stablecoin Committee has adopted Chainlink Proof of Reserve to provide verified reserve transparency for its issued stablecoin, Frontier Stable Token (FRNT), making FRNT the first stablecoin issued by a U.S. public institution to publish on-chain, verified reserve data—exceeding the transparency requirements of the GENIUS Act. This solution combines independent oversight with automated on-chain verification to enable frequent reserve disclosures, allowing users, institutions, regulators, and market participants to independently verify asset reserves. The committee is also advancing Chainlink Proof of Reserve Secure Mint functionality, which requires verified reserves to equal or exceed the total FRNT supply before new tokens can be minted, thereby preventing unlimited minting attacks. Previously, Foresight News reported that the Wyoming State Stablecoin Committee migrated FRNT from LayerZero to Chainlink’s cross-chain interoperability protocol, CCIP, and fully decommissioned the LayerZero token implementation after completing a comprehensive security review, establishing CCIP as FRNT’s cross-chain infrastructure. (Source: Foresight News)
Wyoming Stablecoin Council Adopts Chainlink Proof of Reserve for FRNT
KuCoinFlashShare
Summary
Federal Reserve news emerged as the Wyoming Stablecoin Council integrated Chainlink Proof of Reserve for its stablecoin, FRNT. Built on MetaEra, this move makes FRNT the first U.S. public stablecoin to publish verified on-chain reserve data, exceeding the standards set by the GENIUS Act. The system employs automated verification and independent oversight for frequent reserve disclosures. The council also activated Chainlink’s Secure Mint, requiring reserves to match or exceed supply before new tokens are issued. Previously, FRNT migrated from LayerZero to Chainlink’s CCIP following a comprehensive security review.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.