Wyoming adopts Chainlink Proof of Reserve for FRNT stable token verification
Wyoming has expanded its partnership with Chainlink to add near-real-time, onchain verification of the reserves backing its official stable token, the Frontier Stable Token (FRNT).
A stable token, or stablecoin, is a type of cryptocurrency designed to maintain a stable value, typically by being backed by reserves like cash or government bonds.
How the new system works
The Wyoming Stable Token Commission will use Chainlink Proof of Reserve to combine independent audits with automated, onchain checks of FRNT’s reserves. The Network Firm will examine the reserves and token supply under accounting standards, while Chainlink will publish verified reserve data onchain in near real time.
This follows Wyoming’s move in August to switch FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain infrastructure.
Key features
- Chainlink Proof of Reserve provides continuous visibility of FRNT’s reserves between reporting periods.
- The system aims to give regulators, institutions, and users greater assurance that FRNT remains fully backed.
- Wyoming is also adopting Chainlink Proof of Reserve Secure Mint, which requires verified reserves to match or exceed FRNT’s total supply before new tokens can be created, helping prevent excessive minting.
Official statement
Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, said: “By adopting Chainlink Proof of Reserve as Wyoming’s exclusive onchain asset verification infrastructure, we're providing transparent, verifiable confirmation that the Frontier Stable Token is fully backed by high-quality reserve assets.”
Background on FRNT
FRNT launched in January 2026 as the first stable token issued by a U.S. state. It is backed by U.S. dollars and short-term U.S. Treasuries, with income from the reserves supporting Wyoming’s state revenues and education programs.
Wyoming states that its transparency measures already exceed the requirements of the GENIUS Act, a proposed U.S. law aimed at regulating stablecoins.
Why it matters
The move is intended to set a higher standard for transparency in public-sector digital assets by ensuring that FRNT’s reserves are always verifiable onchain. This could increase trust among users and regulators in state-backed stable tokens.
