The Wyoming Stable Token Commission announced that the state has fully migrated its state-backed digital asset—the Frontier Stable Token (FRNT)—away from Layerzero and has adopted the Chainlink (CCIP) cross-chain interoperability protocol as its exclusive cross-chain infrastructure. This transition announcement follows less than two weeks after Bitgo replaced Layerzero with CCIP.
Commission representatives stated that the move to Chainlink CCIP was initiated to maintain high standards of security, governance, and operational integrity. This decision was made following a detailed security review conducted by the Commission, which identified issues related to the operational security and disclosure practices of Layerzero. Consequently, the Commission decided to discontinue the use of Layerzero's initial implementation.
"The Commission proactively conducted a security analysis and identified issues related to LayerZero's disclosure practices and operational security," said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. "Following the analysis, the Commission decided to implement Chainlink CCIP, as it is the only cross-chain infrastructure that meets our stringent security and reliability requirements across all criteria."
Following this announcement, the price of Chainlink's LINK token briefly rose to $9.70, breaking out of the range above $9.40 where it had been trading since August 15th. This move extended the daily gain to over 3%, restoring the token's double-digit growth over the past week.
The state of Wyoming launched FRNT as a fiat-backed and fully reserved digital dollar to support payments and settlements for individuals, businesses, and public sector organizations. In line with a November 2023 recommendation, the state's committee was deployed across eight public blockchains: Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana.
Chainlink's CCIP provides cross-chain transfer functionality, backed by a multi-tiered protection model. Its features include institutional SOC 2 Type 2 certification, built-in risk management mechanisms, and a decentralized architecture where transactions are verified by at least 16 independent node operators.
CCIP is built on the same oracle infrastructure that has facilitated over $33 trillion in transaction value across decentralized finance and traditional financial institutions. "Wyoming is building public sector financial infrastructure with the Frontier Stable Token, and this entails a responsibility to protect the individuals, businesses, and institutions that rely on it," stated Apollo. "With the implementation of Chainlink CCIP, we now have a highly reliable cross-network infrastructure that meets the standards our citizens deserve."
Sergey Nazarov, Co-founder of Chainlink, stated that Wyoming's move demonstrates how government entities require reliable infrastructure for large-scale cross-network transfers of digital assets.
"Wyoming has consistently been a leader in digital asset policy and public sector blockchain adoption, and the choice of CCIP shows that governments and other authoritative institutions need secure, reliable, and standard-setting infrastructure," said Nazarov.
State representatives noted that this transition sets a foundation for other state governments, financial institutions, and asset managers seeking to issue regulated digital assets that adhere to institutional security standards.
