CoinScoopWyoming Replaces LayerZero with Chainlink for State Stablecoin FRNT
The Wyoming Stable Token Commission has dropped LayerZero as the infrastructure provider for its state stablecoin, FRNT, citing security concerns and alleged mismanagement of private keys. Chainlink has been selected as the replacement to manage the stablecoin across eight blockchain networks. While LayerZero has contested these claims using on-chain transaction data, the state commission remains firm in its decision following an audit prompted by previous infrastructure vulnerabilities.
Summaries are written by AI from the original article. Not investment advice.