The Wyoming Stablecoin Committee announced on September 2, 2026, that it has selected Chainlink's Proof of Reserve as the exclusive on-chain reserve verification layer for its Frontier stablecoin (FRNT). The committee engaged The Network Firm to audit the reserves and supply balances, and the results are published on-chain via a readable price feed. According to CoinGecko, the total supply of FRNT is 967,900 tokens, with a price of approximately $0.99884. This represents only 0.2% of the baseline scenario estimate of 508.7 million tokens that the committee had submitted to the state legislature's budget meeting. The 24-hour trading volume is $160, all occurring on the Kraken exchange. The announcement separates two products: only the Proof of Reserve is currently live. The Secure Mint component, which can programmatically prevent minting when reserves are insufficient to cover the total supply, is still in the "adoption process," according to the committee. The committee had previously published daily proofs on its website; the change is in data delivery method, not frequency. Committee Executive Director Anthony Apollo said that adopting Chainlink's Proof of Reserve provides transparent, verifiable confirmation that FRNT is fully backed by high-quality reserve assets. Chainlink Labs Chief Business Officer Johann Eid stated that it demonstrates how governments can use the Chainlink platform to bring credible, fully verifiable on-chain financial infrastructure into production.
Wyoming Stablecoin Committee Adopts Chainlink Proof of Reserve
On September 2, the Wyoming Stablecoin Committee announced that it has selected Chainlink's Proof of Reserve as the exclusive on-chain reserve verification layer for its Frontier stablecoin (FRNT). The committee engaged The Network Firm to audit the reserves and supply balances, publishing the results on-chain via a readable price feed.
Current FRNT Supply and Trading
According to CoinGecko, the total supply of FRNT stands at 967,900 tokens, with a price of approximately $0.99884. This represents only about 0.2% of the baseline scenario estimate of 508.7 million tokens that the committee submitted to the state legislature's budget meeting. The 24-hour trading volume is $160, all on Kraken.
Proof of Reserve and Secure Mint
The announcement separates two products: only the Proof of Reserve is live. The Secure Mint component, which can programmatically prevent minting when reserves are insufficient to cover supply, is still in the "adoption process," according to the committee. The committee had previously published daily proofs on its website; the change is in data delivery method, not frequency.
Official Statements
Committee Executive Director Anthony Apollo said that adopting Chainlink's Proof of Reserve provides transparent, verifiable confirmation that FRNT is fully backed by high-quality reserve assets. Chainlink Labs Chief Business Officer Johann Eid stated that it demonstrates how governments can use the Chainlink platform to bring credible, fully verifiable on-chain financial infrastructure into production.
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