Wyoming Drops LayerZero for Chainlink on State Stablecoin, a First in the United States

Share

The Wyoming Stable Token Commission has migrated the entire cross-chain infrastructure of its state stablecoin FRNT to Chainlink CCIP, abandoning LayerZero following an internal security audit. This historic decision makes Wyoming the first American government entity to publicly replace a blockchain infrastructure component for explicitly documented security reasons. The FRNT, backed by US Treasury bills and overcollateralized at 102%, remains available on eight networks including Ethereum, Arbitrum, and Solana. Chainlink was selected for its multilayer architecture including SOC 2 Type 2 certification and validation by at least 16 independent node operators per transaction. According to Coindesk, nearly 15 billion dollars in value have already migrated from LayerZero to Chainlink CCIP in a broader sector trend.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles