The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve for the Frontier Stable Token on Sept. 2. FRNT’s total supply is 967,948 tokens, about 0.2% of the 508.7 million the Commission projected to the state legislature as its base case.
The Wyoming Stable Token Commission adopted Chainlink Proof of Reserve as the exclusive onchain verification layer for the Frontier Stable Token on Sept. 2, publishing reserve and supply balances examined by The Network Firm to a feed readable onchain.
There is not much to verify. FRNT total supply is 967,947.92 tokens at $0.99884, according to CoinGecko, against the 508.7 million tokens the Commission gave state lawmakers as its base-case projection in a December budget-session factbook, alongside a base case of $19.1 million in gross reserve revenue for fiscal 2027. Outstanding supply is about 0.2% of that projection. Twenty-four-hour volume was $160, all of it on Kraken.
Secure Mint Is Not Live
The release separates two products, and only one of them has shipped. Proof of Reserve is adopted now. Proof of Reserve Secure Mint, the component that programmatically blocks minting unless verified reserves cover total supply, is described as something the Commission is “in the process of adopting.” The Commission already publishes daily attestations on its website, so the change is where the data is delivered rather than how often.
“By adopting Chainlink Proof of Reserve as Wyoming’s exclusive onchain asset verification infrastructure, we’re providing transparent, verifiable confirmation that the Frontier Stable Token is fully backed by high-quality reserve assets,” said Anthony Apollo, executive director of the Wyoming Stable Token Commission. “This strengthens trust in FRNT while establishing the highest standard for transparency in public-sector digital assets.”
Johann Eid, chief business officer at Chainlink Labs, said the adoption “proves how governments can leverage the Chainlink platform to bring trusted, fully-verifiable onchain financial infrastructure into production at scale.”
Two Weeks After LayerZero
This is the Commission’s second Chainlink award in a month. On Aug. 18 it said it had fully migrated away from LayerZero to Chainlink CCIP under a multi-year contract. Apollo said then: “The Commission proactively conducted a security review and identified concerns regarding LayerZero’s disclosure practices and operational security. Following the review, the Commission decided to adopt Chainlink CCIP as it is the only cross-chain infrastructure that met our stringent security and reliability requirements across the board.”
FRNT runs on Arbitrum, Avalanche, Base, Ethereum, Hedera, Optimism, Polygon and Solana, according to that August release. Onchain queries put 95,052.25 FRNT on Ethereum and 394,400.94 on Solana.
First, With A Caveat
Wyoming calls FRNT the first fiat-backed, fully reserved stable token issued by a public entity in the United States, and no competing state issuance exists. The Commission is a sovereign entity within state government, created in March 2023 under the Wyoming Stable Token Act. The token reached mainnet in August 2025, issued first in October 2025, and opened to public purchase on Jan. 7, though the Sept. 2 release compresses that to a January 2026 launch.
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