The Wyoming Stable Token Commission, a state-issued digital dollar issuer, has moved Frontier Stable Token (FRNT) from LayerZero to Chainlink CCIP. As part of a multi-year agreement, CCIP will become the exclusive infrastructure for the token's cross-chain interoperability. Chainlink provides infrastructure for transmitting data and assets between blockchains.
FRNT is the first fiat-collateralized stablecoin issued by a U.S. state authority. The token is intended for payments, settlements, and other government and commercial transactions. Currently, FRNT operates on the Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana networks.
The commission initially used LayerZero's Omnichain Fungible Token standard to launch FRNT across multiple blockchains simultaneously. After reviewing LayerZero's approaches to disclosure and operational security, the commission decided to abandon this system.
Wyoming has been developing the FRNT multi-chain model since 2023. The move to CCIP will keep the token accessible across multiple public blockchains while replacing the infrastructure for transferring it between networks. According to the commission, this should enhance operational security as the state expands its use of digital assets.
Image: Magnific
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