Key Takeaways
Wyoming adopted Chainlink Proof of Reserve on September 2 to verify its FRNT stablecoin's backing onchain in near real time.
FRNT is the first stablecoin issued by a US public entity, backed by US dollars and short-term Treasuries, with reserve income supporting Wyoming's School Foundation Program.
The Commission is also adopting Secure Mint, which blocks new FRNT unless verified reserves meet or exceed the total token supply.
The Wyoming Stable Token Commission said on September 2 that the state has adopted Chainlink Proof of Reserve to verify the backing of its Frontier Stable Token, known as FRNT, directly onchain in near real time.
FRNT launched in January 2026 as the first stablecoin issued by a US public entity. It is backed by US dollars and short-term US Treasuries, and income from those reserves helps fund Wyoming's School Foundation Program as a public good.
The move builds on the Commission's earlier switch to Chainlink's Cross-Chain Interoperability Protocol as its exclusive cross-chain infrastructure. Under the new setup, The Network Firm examines FRNT's reserves and token supply under AICPA standards, while Chainlink publishes verified reserve data onchain between those examinations.
The federal GENIUS Act sets a baseline that requires monthly disclosure of reserve composition and outstanding supply. Wyoming already posts daily attestations on its website, and the Commission says continuous onchain verification closes the information gap that opens between periodic reports.
The Commission is also moving to adopt Chainlink Proof of Reserve Secure Mint, which programmatically blocks new FRNT from being minted unless verified reserves equal or exceed the total token supply, a guard against infinite-mint attacks.
Wyoming is "establishing the highest standard for transparency in public-sector digital assets," said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission.
The transparency push lands while Washington is still writing the rules, with the Treasury's first GENIUS Act stablecoin rule out for public comment, and as private institutions build their own onchain rails through the bank-owned BankChain Alliance. A state issuing a fully reserved token and proving its backing block by block is a working model of the kind of public-good, onchain finance Wyoming has bet on. Worth watching.
People Also Ask
What is Wyoming's FRNT stablecoin?
FRNT, the Frontier Stable Token, launched in January 2026 as the first fiat-backed stablecoin issued by a US state. It is backed by US dollars and short-term US Treasuries.
What is Chainlink Proof of Reserve?
It is an onchain system that publishes verified data on a token's backing assets in near real time, letting anyone confirm reserves without waiting for a periodic report.
How does Wyoming's approach compare to the GENIUS Act?
The GENIUS Act requires monthly reserve disclosures. Wyoming posts daily attestations and now adds continuous onchain verification, going beyond the federal baseline.
What is Proof of Reserve Secure Mint?
Secure Mint prevents new FRNT from being minted unless verified reserves equal or exceed the total token supply, reducing the risk of infinite-mint attacks.
Sources: Wyoming Stable Token Commission (PR Newswire), The Block, stabletoken.wyo.gov.