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THE BLOCK: Wyoming’s Stable Token Commission has fully migrated its Frontier Stable Token $FRNT from LayerZero to Chainlink CCIP, making CCIP its exclusive cross-chain infrastructure after a security review. Wyoming joins a growing list of firms that have made the switch, with more than $7.2 billion in onchain value having migrated from LayerZero to CCIP, including Kraken, Kelp, Lombard, Solv, Re, Virtuals and Mantle.
UPDATE: $FRNT is now available on the Solana blockchain through Kraken.
Most stablecoins start as crypto experiments. This one started as legislation. Wyoming’s state-issued stablecoin FRNT launched on Avalanche, making it the first U.S. state-backed token designed for real-world use. https://t.co/spVb46o6ly
The first U.S. state‑backed stablecoin just launched: FRNT Live on 7 chains & Spendable anywhere Visa is. “Real competition for Circle and Tether…” - @jackoholleran Read more from @DefiantNews 👇 https://t.co/OwnYVzH93J
The first state-issued stablecoin in the U.S. is now live. The Wyoming Stable Token Commission is launching the Frontier Stable Token (FRNT) across seven chains, including Optimism’s OP Mainnet All powered by @LayerZero_Core.
The State of Wyoming has launched Frontier Stable Token (FRNT), the first stablecoin issued by a U.S. public entity. America’s First Stablecoin https://t.co/A0hSrY1uGA
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