Oracle · Chainlink · Federal Reserve (FED) · LayerZero · Cointelegraph
Wyoming launches Chainlink reserve verification to state-issued stable token
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Wyoming is using Chainlink to bring near-real-time reserve verification onchain for FRNT as the oracle provider expands its footprint across tokenized financial markets.
Key facts
- Chainlink’s LINK token has gained more than 34% over the past month, trading at around $11.07 on Wednesday, according to CoinGecko data
- Its push into traditional financial infrastructure has also included the Depository Trust and Clearing Corporation (DTCC), which said in May it would integrate Chainlink technology into a planned
- The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to publish verified data on FRNT’s reserves and token supply onchain
- The move comes about two weeks after Wyoming fully migrated FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, making CCIP the token’s exclusive cross-chain infrastructure
Summary
The US state of Wyoming is adding near-real-time onchain reserve verification to its state-issued Frontier Stable Token through an expanded integration with blockchain oracle network Chainlink. The Wyoming Stable Token Commission said Wednesday it adopted Chainlink Proof of Reserve to publish verified data on FRNT’s reserves and token supply onchain. Wyoming already publishes daily reserve attestations for FRNT, while the GENIUS Act requires monthly disclosures of reserve composition and outstanding stablecoin supply. The commission is also working to adopt Chainlink’s Secure Mint feature, which would require verified reserves to equal or exceed FRNT’s total supply before new tokens can be minted.