Wyoming adopts Chainlink Proof of Reserve for FRNT

2 weeks ago 19



The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve on Sept. 2 to publish near-real-time reserve and supply data for the state-issued Frontier Stable Token, or FRNT. Summary Wyoming adopted Chainlink Proof of Reserve to publish verified FRNT reserve and supply data onchain. The Network Firm examines reserve balances while Chainlink distributes resulting verification data across supported blockchains. Wyoming already publishes daily FRNT attestations, compared with monthly disclosures required under federal stablecoin law. Secure Mint remains under adoption and would block issuance whenever verified reserves trail token supply. FRNT launched in January, backed by dollars and short-term U.S. Treasury securities, according to Wyoming. The integration combines independent examinations conducted by The Network Firm with Chainlink’s infrastructure. The Network Firm checks reserve assets and outstanding token balances under standards established by the American Institute of Certified Public Accountants. Chainlink then delivers the resulting verification data onchain. The arrangement gives users a more recent view of FRNT’s backing than periodic reports alone, according ...

Read Entire Article