Wyoming completed FRNT migration to Chainlink

On 18 August, the Wyoming State Stabilization Currency Commission announced that it had completed the completion of its Cross-Cyber Interoperability Agreement for the transfer of its FRNT stabilization token from Layer Zero to Chainlink. According to the official release, Chainlink will provide FRNT with an exclusive cross-chain infrastructure for a period of years. The Commission will completely abandon Layer Zero and the FRNT holders will take no action during the transition period. Anthony Apollo, Executive Director of the Commission, stated that the review had found that Layer Zero had problems with disclosure practices and operational security. CCIP is the only system that meets the Committee ' s safety and reliability requirements. Wyoming's website describes FRNT as the first full reserve stabilization currency issued by a public entity in the United States. Its reserves include cash and short-term United States Treasury bonds, and reserve income supports state school fund projects。