Chainlink
Wyoming Replaces LayerZero with Chainlink for State-Issued Stablecoin
Wyoming has removed LayerZero in favour of Chainlink to manage cross-chain transfers for its FRNT stablecoin.
The Wyoming Stable Token Commission has dropped LayerZero and selected Chainlink to secure cross-chain routing for its FRNT stablecoin across eight blockchains, which include Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon, and Solana. FRNT is the first stablecoin issued by a U.S. state and is 102% overcollateralised by U.S. Treasury bills.
Keith Lawhorn, cybersecurity head at the commission, announced the move on X on September 14 following an internal review triggered by an earlier $292 million exploit of KelpDAO linked to compromised LayerZero infrastructure. The commission stated that its audit revealed unaddressed security concerns, including private keys that remained under LayerZero's control instead of being transferred to the state, as well as inadequate disclosures regarding past security incidents.
LayerZero's leadership responded publicly shortly after the announcement, disputing the commission's allegations and sharing blockchain transaction records to defend its key management practices.
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