A First in the US Amid $15 Billion Migration: Wyoming Commission Migrates FRNT Over Security Concerns

The Wyoming Stable Token Commission has become the first US government entity to change its blockchain infrastructure for security reasons by migrating the Frontier Stable Token (FRNT) to Chainlink’s CCIP infrastructure, a move that amplifies the approximately $15 billion migration wave from LayerZero to Chainlink.

Following a comprehensive security review, the Commission migrated FRNT’s LayerZero implementation to Chainlink CCIP. CCIP, which enables cross-chain asset transfers, will serve as FRNT’s sole cross-chain infrastructure provider under a multi-year agreement. The Wyoming administration will completely decommission the previous LayerZero implementation.

While FRNT’s market capitalization remains below $1 million, the token holds the distinction of being the only fully reserved and fiat-backed stablecoin issued by a public entity in the US. The reserve revenue generated from FRNT, which is used on networks such as Ethereum, Base, and Avalanche, supports Wyoming’s educational fund known as the School Foundation Program.

$15 billion migration following the Kelp attack

Wyoming’s decision comes approximately four months after the exploit on Kelp DAO’s LayerZero-powered bridge. At the time, attackers seized 116,500 rsETH, valued at approximately $292 million. The debate over responsibility for the incident has accelerated security reviews and infrastructure changes across LayerZero-based projects.

Alongside Kelp, projects such as Solv Protocol, Re, and Kraken are moving from LayerZero to Chainlink, while BitGo’s migration of $7.7 billion in wrapped bitcoin earlier this month brought the total scale of the migration to nearly $15 billion. It is unknown whether Wyoming’s previous FRNT structure was identical to the single-validator model exploited in the Kelp attack. According to a case study published by LayerZero in January, Wyoming controlled verification and compliance processes via its own distributed validator network.