Wyoming moves FRNT stablecoin from LayerZero to Chainlink CCIP

  • Wyoming moved FRNT's cross-chain infrastructure from LayerZero to Chainlink CCIP.
  • The Commission cited a $292 million KelpDAO exploit and private-key concerns.
  • FRNT operates across eight blockchain networks as a state-issued dollar-backed token.

Wyoming has moved the cross-chain infrastructure for its FRNT stablecoin from LayerZero to Chainlink's Cross-Chain Interoperability Protocol, or CCIP, after a security review identified repeated operational failures at LayerZero Labs. The Commission cited the $292 million KelpDAO exploit, in which DPRK-affiliated attackers compromised infrastructure operated by LayerZero Labs and used a forged message to release funds on Ethereum. It also identified concerns involving access controls, private-key management, incident disclosures and LayerZero's failure to transfer production authorization to the Commission. FRNT is the first state-issued, U.S. dollar-backed stable token in the United States and operates across eight major blockchain networks. Wyoming selected CCIP as its exclusive cross-chain infrastructure, citing its independent node operators, rate limits, external audits, decentralized oracle infrastructure and direct issuer control over token contracts and implementation logic. The transition follows an assessment presented by the Wyoming Stable Token Commission's Chief Information Security Officer, Keith Lawhorn, and reflects the state's effort to apply stricter security standards to government-backed digital assets.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.