Proof of Reserve

Policy Regula

2026-09-18 14:57:58

House committee advances ARMA bill to put Strategic Bitcoin Reserve into federal law

The U.S. House Financial Services Committee has advanced the American Reserve Modernization Act of 2026, or ARMA, a bill that would turn the Strategic Bitcoin Reserve from a presidential executive-order policy into a standing federal program. The measure passed the committee on Sept. 16 by a 28-21 vote and would require the government to place bitcoin obtained through criminal and civil forfeitures into a Treasury-managed reserve. Those holdings would generally be subject to a 20-year lockup, barring sale, exchange, auction, or use as collateral during that period. The proposal also calls for public proof-of-reserve disclosures, independent audits, and a study on how the government could accumulate more bitcoin over the next five years without raising taxes, expanding borrowing, or increasing the federal deficit. The bill has not become law and still needs approval from the full House and the Senate before it can be sent to the president.

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Wyoming

2026-09-03 17:59:59

Wyoming Stablecoin Committee Adopts Chainlink Proof of Reserve for FRNT

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.

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Wyoming

2026-09-02 13:16:27

Wyoming Stable Token Commission adopts Chainlink Proof of Reserve for FRNT

The Wyoming Stable Token Commission has adopted Chainlink Proof of Reserve to verify reserves backing Frontier Stable Token (FRNT), according to a post from Chainlink. The setup is intended to give onchain visibility into reserve data for the state-backed stablecoin and, as described by Chainlink, makes FRNT the first stablecoin issued by a U.S. public entity to publish verified reserve data onchain. Chainlink said the transparency standard goes beyond the requirements of the GENIUS Act. The system combines independent oversight with automated onchain verification and is designed to deliver frequent reserve disclosures that can be checked by users, institutions, regulators, and other market participants. The commission is also working on Chainlink Proof of Reserve Secure Mint, which would only allow new FRNT issuance when verified reserves are equal to or greater than the token’s total supply, a safeguard aimed at preventing unlimited mint attacks. Foresight News had previously reported that the commission migrated FRNT from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, and fully retired the LayerZero token implementation after a full security review.

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Chainlink

2026-09-02 13:17:44

Wyoming Adopts Chainlink Proof of Reserve for State Stablecoin FRNT

Wyoming's Stable Token Commission has adopted Chainlink's Proof of Reserve to give the state-backed stablecoin FRNT near-real-time on-chain reserve verification. The decision follows FRNT's full migration from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) in August, with CCIP now serving as the stablecoin's exclusive cross-chain infrastructure. The Network Firm will review FRNT's reserves and token supply under standards set by the American Institute of Certified Public Accountants. Chainlink's Proof of Reserve then pushes verified data on-chain at near-real-time intervals, reducing the information gap between audit reports and confirming that FRNT remains fully backed. The commission also plans to deploy Chainlink's Secure Mint feature, which requires verified reserve assets to equal or exceed the total FRNT supply before new tokens are minted, a safeguard meant to prevent unlimited mint attacks. Launched in January, FRNT is the first stablecoin issued by a U.S. state government, and its backing consists of U.S. dollars and short-term Treasury bills.

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Bitget

2026-07-31 10:12:27

Bitget upgrades BGBTC with Gauntlet oversight, Chainlink CCIP, and new yield features

Bitget has announced a broad upgrade to BGBTC, adding daily BTC-denominated yield, fast large-amount redemptions, and institutional-grade risk management. The update also introduces an independent curator structure, with DeFi risk management firm Gauntlet overseeing underlying yield strategies and handling risk supervision. Bitget said the added review layer sits alongside custody arrangements and is designed to strengthen portfolio monitoring, risk controls, and the long-term sustainability of returns. BGBTC now supports yield strategy deployment on the Morph blockchain, expanding its multichain yield routes and potential use cases. On the infrastructure side, Bitget is using Chainlink Cross-Chain Interoperability Protocol, or CCIP, as BGBTC’s official cross-chain solution, while continuing to rely on Chainlink Proof of Reserve to provide real-time transparency and verifiable reserve backing for its 1:1 Bitcoin peg. Even after the upgrade, BGBTC can still be used for futures margin, loan collateral, and participation in Launchpool and PoolX, allowing holders to pursue yield while keeping capital more flexible.

2210

MEXC

2026-07-23 11:50:16

MEXC Leads Gold Token Trading Globally, Spot Market Share Second, BTC Reserve Ratio 270%

MEXC ranks second in spot market share and third in perpetual contracts per CoinGecko. Its XAUT gold token hit $2.8B in weekend volume, crude futures surged 1,217%, and BTC reserve ratio stands at 270%. 39 new tokenized stocks were added.

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