The Wyoming Stable Token Commission — the state-issued digital dollar issuer — has transferred the Frontier Stable Token (FRNT) from LayerZero to Chainlink CCIP. As part of a multi-year agreement, CCIP will become the sole infrastructure for the token’s cross-chain interoperability. Chainlink provides infrastructure for transferring data and assets between blockchains.
FRNT is the first fiat-reserve-backed stablecoin issued by a U.S. state authority. The token is intended for payments, settlements, and other state and commercial transactions. Currently, FRNT operates on the Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana networks.
Initially, the commission used the LayerZero Omnichain Fungible Token standard to issue FRNT across multiple blockchains simultaneously. Following a review of LayerZero’s information disclosure practices and operational security assurances, the commission decided to abandon this system.
Wyoming has been developing the FRNT multi-chain model since 2023. The transition to CCIP will allow the token to remain available across multiple public blockchains while replacing the infrastructure for its transfer 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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