Wyoming Stablecoin Council Expands Chainlink Partnership for FRNT Reserve Verification

ChainCatcher report, according to The Block, the Wyoming State Stablecoin Committee has announced the adoption of 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. The committee will also implement the Chainlink Proof of Reserve Secure Mint mechanism, requiring that verified reserves must be equal to or exceed the total FRNT supply before any new tokens can be minted, thereby mitigating risks associated with unlimited minting. FRNT is fully backed by a reserve of U.S. dollars and short-term U.S. Treasuries, with associated earnings directed toward diversifying state finances and supporting local education funds.