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LINK Pops 3% to $9.70 as Wyoming Shifts Stablecoin to CCIP

By bitcoin.com
Aug 19, 2026
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The Wyoming Stable Token Commission has fully migrated its state-backed Frontier Stable Token from Layerzero to Chainlink’s Cross-Chain Interoperability Protocol.

Key Takeaways

Wyoming migrated its FRNT token from Layerzero to Chainlink CCIP on August 18, 2026, over security concerns.Chainlink’s LINK rose over 3% to $9.70, while CCIP added to its $33 trillion processed transaction total.Wyoming offers 1 blueprint for state entities and asset managers to issue regulated tokens across 8 chains.

 

Commission Cites Security Review in Layerzero Deprecation

“The Commission proactively conducted a security review and identified concerns regarding LayerZero’s disclosure practices and operational security,” said Anthony Apollo, Executive Director of the Wyoming Stable Token Commission. “Following the review, the Commission decided to adopt Chainlink CCIP as it is the only cross-chain infrastructure that met our stringent security and reliability requirements across the board”.

Chainlink’s LINK briefly pushed back to $9.70 after the announcement, breaking out of its post–Aug. 15 drift above $9.40. The move lifted daily gains past 3%, restoring the token’s double‑digit advance over the past week.

Chainlink CCIP provides cross-chain transfer functionality supported by a defense-in-depth security model. Its features include SOC 2 Type 2 institutional certification, built-in risk controls, and a decentralized architecture in which transactions are validated by a minimum of 16 independent node operators.

CCIP is built on the same oracle infrastructure that has enabled over $33 trillion in transaction value across decentralized finance and traditional financial institutions. “Wyoming is building public-sector financial infrastructure with the Frontier Stable Token, and that carries a responsibility to protect the people, businesses, and institutions that rely on it,” Apollo said. “By adopting Chainlink CCIP, we now have highly secure cross-chain infrastructure that meets the standard our citizens deserve”.

“Wyoming has consistently been a leader in digital asset policy and public-sector blockchain adoption, and their selection of CCIP shows that governments and other serious institutions need secure, reliable, and standard-setting infrastructure,” Nazarov said.

State officials noted that the migration offers a framework for other state governments, financial institutions, and asset managers seeking to issue regulated digital assets while meeting institutional security standards.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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