Wyoming expands Chainlink partnership for FRNT reserve verification
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First U.S. State Stablecoin Gets Chainlink Proof of Reserve Blockchain News ETHNews
Wyoming has integrated Chainlink Proof of Reserve into its state-issued Frontier Stable Token. Secure Mint blocks new FRNT issuance unless verified reserves cover the outstanding supply. The upgrade follows Wyoming’s exit from its legacy LayerZero bridge in favor of CCIP. Reserve income from FRNT funds public education instead of a corporate balance sheet. The Wyoming […] The post First U.S. State Stablecoin Gets Chainlink Proof of Reserve appea…
The U.S. state of Wyoming is taking a new course in the adoption of cryptos by the public sector. Indeed, it has just joined the Proof of Reserve of Chainlink (LINK) to verify in near real time the reserves backed up to its official stablecoin FRNT, thus even exceeding the requirements of the GENIUS Act. The Wyoming muscled the transparency of its stablecoin of state FRNT thanks to Chainlink appeared first on Cryptoast.
Wyoming Links Chainlink to State-Issued Stablecoin Reserves
Summary: FRNT reserve data will move from daily attestations toward near-real-time onchain verification. Secure Mint is intended to link future […] The post Wyoming Links Chainlink to State-Issued Stablecoin Reserves appeared first on CoinsPress.
Wyoming expanded the use of Chainlink to verify FRNT reserves in near real time, while preparing controls that would prevent new tokens from being coined if there is insufficient backup.
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Crypto BriefingWyoming expands Chainlink partnership for FRNT reserve verification
Wyoming's Chainlink partnership highlights a shift towards enhanced security and transparency in state-backed digital currency initiatives. The post Wyoming expands Chainlink partnership for FRNT reserve verification appeared first on Crypto Briefing .
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