Wyoming Puts Its Stablecoin Reserves Onchain With Under $1 Million Outstanding

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The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve as the exclusive onchain verification layer for the Frontier Stable Token (FRNT) on September 2. Total FRNT supply stands at 967,947.92 tokens, against a base-case projection of 508.7 million tokens given to state lawmakers, representing only about 0.2% of that projection. Twenty-four-hour volume was $160, all on Kraken. The Commission also migrated from LayerZero to Chainlink CCIP on August 18, citing concerns over LayerZero’s disclosure practices and operational security.

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Telemac
Telemachttp://cryptoinfo.ch
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