The Wyoming Stable Token Commission has moved its Frontier Stable Token (FRNT) from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, adding the first U.S. government-issued asset to a migration wave covering nearly $15 billion.
The commission has completed the migration and will fully deprecate its LayerZero token implementation following what it said was an extensive security review. Chainlink CCIP will serve as FRNT’s exclusive cross-chain infrastructure under a multi-year contract.
While the token currently has a market capitalization below $1 million, the move marks the first time a U.S.government entity has publicly replaced its blockchain infrastructure on security grounds.
The decision comes four months after attackers stole 116,500 rsETH, then worth about $292 million, from Kelp DAO’s LayerZero-powered bridge. The incident, which led to a tit-for-tat over who’s to blame, triggered a series of security reviews and migrations.
So far, around $15 billion has migrated from LayerZero to Chainlink, with an initial exodus starting with Kelp, Solv Protocol, Re, Kraken, and others. BitGo later selected CCIP and doubled that initial exodus to the current figure, with $7.7 billion of wrapped bitcoin moving earlier this month.
It isn’t clear whether Wyoming’s former FRNT deployment shared the single-verifier structure that was exploited at Kelp. A January case study published by LayerZero said the state operated its own decentralized verifier network and controlled verification and compliance functions.
FRNT, available on several blockchains, including Ethereum Base and Avalanche, is the only fully reserved, fiat-backed stablecoin issued by a U.S. public entity. Reserve income from it supports Wyoming’s School Foundation Program.