Wyoming moves state stablecoin from LayerZero to Chainlink amid near-$15 billion exodus

The Wyoming Stable Token Commission migrated its Frontier Stable Token (FRNT) from LayerZero to Chainlink's CCIP after a security review raised concerns over LayerZero's operational security. This is the first time a U.S. government entity has replaced blockchain infrastructure on security grounds. The move joins a $15 billion migration wave to Chainlink, triggered by a $292 million exploit of Kelp DAO's bridge in April 2026. FRNT is a fiat-backed stablecoin supporting Wyoming schools.

FRNT migrates to Chainlink CCIP

• ▪The Wyoming Stable Token Commission migrated its Frontier Stable Token (FRNT) from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) under a multi-year contract.
• ▪The Wyoming Stable Token Commission will fully deprecate its LayerZero token implementation following the migration to Chainlink's Cross-Chain Interoperability Protocol.
• ▪The Frontier Stable Token (FRNT) migration marks the first time a United States government entity has publicly replaced its blockchain infrastructure specifically on security grounds.

Wyoming security review findings

• ▪A January 2026 case study published by LayerZero stated that the state of Wyoming operated its own decentralized verifier network and controlled verification and compliance functions.
• ▪A source familiar with the matter stated that the Frontier Stable Token (FRNT) did not share the single-verifier structure that was exploited at Kelp DAO.
• ▪The Wyoming Stable Token Commission conducted a security review that identified concerns regarding LayerZero's disclosure practices and operational security.

KelpDAO bridge exploit aftermath

• ▪In April 2026, attackers stole 116,500 rsETH, worth approximately $292 million, from Kelp DAO's LayerZero-powered bridge.
• ▪The Kelp DAO bridge exploit in April 2026 led to a dispute over who was to blame and triggered a series of industry-wide security reviews and migrations.

LayerZero to Chainlink exodus

• ▪Nearly $15 billion in assets have migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following security concerns.
• ▪The migration wave from LayerZero to Chainlink CCIP began with Kelp, Solv Protocol, Re, Kraken, and was later doubled by BitGo's migration of $7.7 billion in wrapped bitcoin in August 2026.

FRNT reserve structure

• ▪The Frontier Stable Token (FRNT) is a fully reserved, fiat-backed stablecoin issued by a United States public entity, with a market capitalization below $1 million as of August 18, 2026.
• ▪Reserve income generated from the Frontier Stable Token (FRNT) supports the state of Wyoming's School Foundation Program.

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