Wyoming is deepening its collaboration with Chainlink to implement near real-time on-chain verification of reserves for its FRNT stablecoin, the first state-issued stablecoin in the U.S. The partnership aims to enhance transparency by using Chainlink's oracle network for automated reserve verification, boosting credibility for the state's digital asset.
Wyoming is widening its work with Chainlink so its FRNT stablecoin can get near real-time, on-chain reserve checks. FRNT is the first state-issued stablecoin in the United States.
The state already had an earlier collaboration with Chainlink. Now it wants this upgrade to push reserve transparency further.
By using Chainlink's oracle network, reserve data can be verified on-chain automatically. Simple idea. And it gives the state's digital asset more credibility. (CoinDesk)
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