Wyoming moves FRNT stablecoin cross-chain infrastructure from LayerZero to Chainlink CCIP
- —Wyoming switched cross-chain provider for its FRNT stablecoin
- —Security issues with LayerZero were cited as the reason
- —State CISO reported loss of control over private keys
- —Chainlink CCIP was chosen as the new infrastructure
Why it matters: The incident undermines trust in LayerZero as a cross-chain provider and strengthens Chainlink CCIP's position in the interoperability segment.
Source: Bloomingbit