Chainlink
Wyoming Integrates Chainlink Proof of Reserve for State Stablecoin
State regulators have implemented automated onchain verification to monitor reserve backing for the official FRNT token.
The Wyoming Stable Token Commission has integrated Chainlink Proof of Reserve to deliver near-real-time data on the backing and circulation of its state-issued stablecoin, FRNT. The deployment introduces an automated verification layer alongside Chainlink Secure Mint, a mechanism designed to block token issuance unless verified collateral matches or exceeds total circulating supply.
The onchain mechanism functions as a supplement to Wyoming's established disclosure framework rather than a replacement. The state continues to publish daily reserve attestations through The Network Firm's LedgerLens platform, verifying reserve holdings—including cash, short-term U.S. Treasuries, and repurchase agreements—under established accounting standards.
State officials and independent reports noted that the integration enhances transparency by publishing independent audit data directly onto the blockchain, linking third-party examination results directly to token creation controls.
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