Chainlink jumps 3% as Wyoming adopts CCIP for stablecoin

Chainlink is seeing a positive price move today after news broke that the Wyoming Stable Token Commission has moved its state backed asset, the Frontier Stable Token, to the Cross Chain Interoperability Protocol. The token, known as FRNT, previously relied on Layerzero before the commission opted for a change.

The commission cited a thorough security review as the primary reason for dropping Layerzero in favor of Chainlink. This shift signals a growing preference for established infrastructure when government entities handle digital assets.

Investors are reacting well to the news, pushing LINK up 3 percent to trade around 9.70 dollars. Traders should keep an eye on whether this high profile institutional adoption leads to further partnerships for Chainlink in the public sector.