Key Insights:
- Wyoming has migrated FRNT from LayerZero to Chainlink CCIP, according to recent stablecoin updates.
- Wyoming pointed to security controls, independent certifications, node diversity, and issuer autonomy as driving factors.
- LayerZero rejected the lost-key allegation and provided details regarding the Solana authority transfer.
Wyoming has fully migrated its Frontier Stable Token (FRNT) away from LayerZero and onto Chainlink’s Cross-Chain exchange assets and data.">Interoperability Protocol. The state commission now relies on CCIP to power FRNT’s exchange assets and data.">cross-chain operations. This move comes after a commission-led security review evaluating FRNT’s exchange assets and data.">cross-chain infrastructure and safety controls.
Following these stablecoin developments, market trackers recorded ZRO trading at $0.98, dropping $0.0389 (or 3.82%) over a 24-hour period. Its market valuation reached $347 million. The intraday chart revealed an initial upward push before momentum faded and lower highs took over.
ZRO subsequently pared a steep drop, though it failed to reclaim its former trajectory. Persistent selling pushed the token near session lows by the close.
Keith Lawhorn, the commission’s CISO, connected the evaluation to a pair of LayerZero-related worries via an X post, mentioning a lost-key scenario concerning FRNT’s Solana implementation alongside the April KelpDAO security breach.
Stablecoin News: Review Follows KelpDAO Attack
Lawhorn noted that the April 18 incident triggered a wider assessment of how FRNT handled cross-chain mechanics. The LayerZero bridge utilized by KelpDAO suffered losses totaling roughly $292 million during that event.
According to LayerZero Labs’ incident report, DPRK-linked actors compromised its off-chain RPC infrastructure, making it a critical point in the ongoing stablecoin discussions.
The impacted LayerZero verifier depended on that architecture to monitor the Unichain state. Attackers then generated a fraudulent cross-chain notification about a non-existent event, prompting ETH as its native asset.">Ethereum to release funds incorrectly. Lawhorn stated that the commission needed to assess whether FRNT was exposed to equivalent infrastructure vulnerabilities.
Wyoming Lists CCIP Review Standards
Lawhorn explained that the evaluation pitted LayerZero against CCIP and other alternatives across six distinct criteria. Ultimately, Wyoming chose CCIP to support eight networks: Arbitrum, Avalanche, Base, ETH as its native asset.">Ethereum, Hedera, Optimism, Polygon, and Solana.
The commission’s assessment highlighted that CCIP implements 16 independent, security-reviewed node operators across every supported chain. Transactions move through an OCR consensus mechanism ahead of a separate signing phase. State officials noted this framework safeguards against single-node and RPC failures.
Furthermore, the commission pointed out CCIP’s Big Four-reviewed SOC 2 Type 2 certification alongside its 50 security audits. Lawhorn remarked that LayerZero lacked comparable certifications during the assessment window. He also commended Chainlink’s performance through major stress tests, including the COVID market crash, the FTX collapse, periods of network congestion, and the October 2025 AWS outage.
Lawhorn pointed out that this infrastructure secures about 70% of DeFi and supports over $33 trillion in total transaction value.
At the same time, customizable rate limits function as protective circuit breakers tailored to individual tokens, lanes, and transfer directions. Security teams at Chainlink Labs consistently monitor uptime and system reliability, as highlighted in the commission’s review.
In addition, Chainlink’s Cross-Chain Token framework allows Wyoming to retain oversight over smart contracts, token pools, policies, and operational logic. Lawhorn emphasized that this setup prevents reliance on provider-specific token code, enabling Wyoming to swap out infrastructure without needing to rebuild FRNT.
Finally, Lawhorn noted that market data, regulatory compliance, user privacy, and workflow automation are all housed within the same platform. The commission concluded that a consolidated system minimizes integration overhead and simplifies security reviews.
Stablecoin News Covers LayerZero’s Rebuttal
LayerZero co-founder and CEO Bryan Pellegrino publicly disputed Lawhorn’s characterization of the initial event. LayerZero’s independent report had previously acknowledged an infrastructure breach that caused the KelpDAO losses.
Pellegrino countered that LayerZero deployed FRNT on Solana with every Token-2022 extension fully initialized, per Wyoming’s specifications. He acknowledged that both teams initially missed transferring the Scaled UI Amount authority, but stablecoin updates confirm LayerZero executed the transfer within 24 hours of the commission pointing it out.
However, Pellegrino denied assertions that LayerZero misplaced the corresponding private key. He characterized the authority as view-only metadata that merely adjusts visible figures instead of raw token balances.
He emphasized that this permission cannot mint, burn, freeze, seize, pause, move funds, or modify the overall supply. Pellegrino noted that the multiplier remained at one prior to the on-chain transfer, adding that he continues to support Executive Director Anthony Apollo and the commission’s endeavors.
Frequently Asked Questions
Why did Wyoming move FRNT to Chainlink CCIP?
Wyoming transitioned FRNT to Chainlink CCIP following a security review that highlighted CCIP’s node diversity, independent security certifications, node operator standards, and issuer autonomy.
What security standards does Chainlink CCIP use?
CCIP utilizes 16 independent, security-vetted node operators per chain, an OCR consensus mechanism, adjustable rate limits, 50 security audits, and a Big Four-reviewed SOC 2 Type 2 certification.
How did LayerZero respond to the claims?
LayerZero CEO Bryan Pellegrino disputed the claim of a lost private key, explaining that the Solana authority in question was merely view-only metadata rather than a power capable of altering token supply or balances.
