The Wyoming Stable Token Commission, the issuer of the Frontier Stable Token (FRNT), has reported that the State of Wyoming has migrated from LayerZero to take advantage of Chainlink’s cross-chain interoperability.
The Commission noted that approximately $15 billion in assets have moved from LayerZero to Chainlink since April.
Wyoming has strongly supported the digital asset sector and is the first jurisdiction to enable “sovereign” stablecoins.
FRNT is currently available on Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana blockchains.
The Commission initially used LayerZero but said that, after a security review, it decided to switch to Chainlink.
Anthony Apollo, Executive Director of the Wyoming Stable Token Commission, said that Chainlink was the only cross-chain protocol that met their security and reliability needs.
Sergey Nazarov, Chainlink co-founder, said the selection signaled that governments and “other serious organizations” need secure, reliable infrastructure.
Wyoming believes it is pioneering its stablecoin ecosystem, which will guide the rest of the United States.
