Wyoming has adopted Chainlink Proof of Reserve for its state-issued stablecoin, the Frontier Stable Token (FRNT), adding near-real-time onchain verification to the token's reserve transparency framework. FRNT, launched in August 2025 as the first stablecoin issued by a US state, is backed by US dollar deposits, US Treasury bills, and repurchase agreements. The move deepens Chainlink's (LINK) role in the infrastructure behind Wyoming's stablecoin and comes as other states, including Michigan and Kentucky, have advanced their own state-backed digital token initiatives.

Chainlink Adds Onchain Reserve Checks for Wyoming's FRNT

According to the Wyoming Stable Token Commission, Chainlink Proof of Reserve will verify FRNT reserve data onchain, while The Network Firm examines reserves and supply under AICPA standards. Together, these create complementary financial and blockchain-based checks.

For users, the main benefit is greater visibility between formal reporting periods. The Commission already publishes daily attestations, but Chainlink's system makes reserve information independently verifiable onchain. Chainlink describes Proof of Reserve as automated verification for the assets backing stablecoins and other digital assets. The capability addresses a central concern in stablecoin markets: whether circulating supply remains adequately backed as usage changes. That concern was sharpened by the 2023 collapse of Silicon Valley Bank, which briefly depegged several stablecoins holding reserves there, and by the 2022 failure of the algorithmic stablecoin TerraUSD, episodes that drove much of the current disclosure push.

GENIUS Act Rules Set Monthly Reserve Disclosure Baseline

The GENIUS Act, signed into federal law in July 2025, requires permitted payment stablecoin issuers to publish monthly reserve and supply reports with independent examination. Wyoming is combining that federal baseline with its own daily attestations and near-real-time onchain verification.

The approach could become significant as stablecoins expand across payments, trading, and tokenized markets. For regulators and institutions, timely reserve information can improve monitoring of backing and operational risks. For FRNT users, it provides a way to verify reserve data without relying solely on periodic documents. The development also illustrates how public-sector issuers may use blockchain infrastructure to strengthen accountability, positioning Wyoming as an early test case for how state-issued tokens operate alongside privately issued stablecoins such as USDC and USDT, which dominate the market.

Chainlink CCIP Links FRNT Transfers With Reserve Checks

The adoption builds on Wyoming's earlier migration of FRNT to Chainlink's Cross-Chain Interoperability Protocol (CCIP) as its exclusive cross-chain infrastructure. Chainlink's August records also show FRNT was added to its Cross-Chain Token standard. The combined strategy ties cross-chain movement directly to reserve verification.

The Commission is additionally adopting Chainlink Proof of Reserve Secure Mint, a mechanism designed to require that verified reserves meet or exceed token supply before new FRNT can be minted. By adding a reserve condition to minting, the feature addresses issuance-related risks. It does not, however, eliminate custody, liquidity, governance, or reserve-quality risks.

Secure Mint Adds Reserve Checks Before New FRNT Issuance

Anthony Apollo, executive director of the Wyoming Stable Token Commission, said the system provides "transparent, verifiable confirmation" that FRNT is fully backed. Johann Eid, chief business officer at Chainlink Labs, said the move demonstrates that governments can deploy "fully-verifiable onchain financial infrastructure." Their comments underline the institutional focus of the initiative.

For Chainlink, the development strengthens its public-sector use case. Chainlink's Proof of Reserve is already used by major stablecoin and wrapped-asset issuers, and the Wyoming deployment extends that track record into government-issued tokens. For Wyoming, it serves as a test of whether FRNT can combine government oversight with blockchain-native verification. The next steps are the implementation of Secure Mint and continued reserve reporting, allowing users and institutions to assess whether transparency keeps pace with FRNT's growth.