Wyoming verifies FRNT reserves onchain with Chainlink, beating GENIUS Act floor

The Wyoming Stable Token Commission on Wednesday adopted Chainlink Proof of Reserve to post verified backing data for its Frontier Stable Token onchain in near real time.

The move pushes FRNT, the state-issued stablecoin, past the monthly disclosure minimum in the federal GENIUS Act.

The Network Firm examines the backing under AICPA standards

The Network Firm, an outside examiner, checks FRNT’s reserves and token supply under AICPA standards. The Chainlink oracle network then posts this verified data onchain and refreshes it near real time.

Wyoming frames the combination as a way to close the gaps of information that spring up between formal reports.

FRNT launched in January as the first stable token issued by a US state. It is backed by US dollars and short-term US Treasuries, and the yield generated by those reserves goes to Wyoming’s School Foundation Program rather than to token holders.

“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,” Anthony Apollo, executive director of the commission, said.

The federal stablecoin law, the GENIUS Act, sets a baseline. Issuers have to disclose reserve composition and outstanding supply once a month.

Wyoming was already over that bar, publishing reserve attestations for FRNT every day. The new integration takes it beyond a daily snapshot.

The commission expects the onchain feed to reflect changes in FRNT’s backing as they happen between reporting cycles, rather than having anyone await the next scheduled disclosure.

Secure Mint would stop an infinite-mint attack before it starts

Wyoming is also lining up a second Chainlink feature, Proof of Reserve Secure Mint, which the commission says it’s still adopting. The mechanism precludes the creation of new FRNT unless the verified reserves are at or above the total supply of the token.

The point here is to avert infinite-mint attacks, where an attacker mints tokens with no backing, and to give holders cryptographic proof that any newly minted FRNT is backed by real assets. That wires the reserve check into the minting process itself.

This comes after Wyoming’s decision in August to migrate FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol as the token’s sole cross-chain rail. Wyoming did this following a security review, joining a migration that has moved about $15 billion in onchain value from LayerZero to CCIP.

Chainlink recently became the source for the price of Coinbase’s B20 tokenized equities. It also joined a group of banks in the euro-and-won settlement effort Project Pangea and signed on with the Depository Trust and Clearing Corporation.

Earlier, Cryptopolitan reported that DTCC has selected Chainlink’s Runtime Environment to run a collateral appchain anticipated to launch in Q4 2026. LINK, the token for Chainlink, traded Wednesday near $11.07, up about 35% over the prior month.