Wyoming Adds Chainlink Onchain Reserve Verification to State-Issued FRNT Stablecoin

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The US state of Wyoming is adding Chainlink-based reserve monitoring to its Frontier Stable Token, giving users access to verified on-chain data about the assets supporting FRNT with minimal reporting delay. The move further broadens Chainlink’s role in the state-issued stablecoin.

According to a Wednesday announcement from the Wyoming Stable Token Commission, the state has selected Chainlink’s Proof of Reserve technology to put verified data on FRNT’s reserves and circulating supply onchain. The Network Firm will independently examine the figures before the data is transmitted through Chainlink infrastructure.

The commission is seeking an additional safeguard through Chainlink’s Secure Mint feature. Once adopted, the mechanism would prevent the creation of new FRNT unless verified reserves are equal to or greater than the token’s total supply. 

Those measures build on Wyoming’s existing reserve-reporting process. FRNT already has daily reserve attestations, while the GENIUS Act calls for monthly disclosures covering reserve composition and outstanding stablecoin supply. The commission said Proof of Reserve will provide more timely visibility into movements in the token’s backing between reporting periods.

Wyoming launched FRNT in January with backing from U.S. dollars and short-term U.S. Treasurys. Interest generated by those reserves is deposited into the state’s School Foundation Program. 

The latest reserve initiative comes roughly a fortnight after Wyoming broadened its use of Chainlink for FRNT. The state moved the token away from LayerZero and onto Chainlink’s Cross-Chain Interoperability Protocol, with CCIP taking over as the exclusive system supporting FRNT’s cross-chain operations.

Chainlink Expands Financial-Market Integrations

Beyond FRNT, Chainlink has been extending its technology across tokenized securities and traditional financial infrastructure, with integrations involving Coinbase, the Depository Trust and Clearing Corporation (DTCC), and Fidelity International.

For Coinbase’s B20 tokenized equities, launched on Base in August, Chainlink supplies pricing data covering stocks including Apple, Meta, Nvidia, and Alphabet. Decentralized finance (DeFi) protocols can use those feeds to value the tokens for trading, lending, and collateral. 

Chainlink is also being incorporated into traditional market infrastructure. In May, DTCC said it planned to use the technology for a platform designed to handle tokenized collateral around the clock. Fidelity International unveiled a tokenized liquidity fund during the same month, using infrastructure from Chainlink and Sygnum, while JPMorgan supplies daily net asset value data for pricing.

The oracle network joined Project Pangea in June alongside European and South Korean banking groups. The project is exploring atomic foreign-exchange settlement between the two regions using regulated stablecoins denominated in euros and won.

LINK, Chainlink’s native token, was trading around $11.20 on Thursday after gaining more than 37% over the past month, according to CoinGecko.