Wyoming State Stablecoin Switches to Chainlink Infrastructure

The Wyoming Stable Token Commission has decided to change the technology powering its upcoming digital currency. The state is moving its cross chain infrastructure away from LayerZero and will now use Chainlink’s Cross Chain Interoperability Protocol, also known as CCIP.

This move is a significant win for Chainlink as it competes to become the standard for moving assets between different blockchains. Wyoming is widely known for its crypto friendly laws, and its state issued stablecoin, the WYST, is expected to set a high bar for government backed digital assets.

By making this switch, the commission is looking for a secure way to ensure the stablecoin can function across various networks without issues. Traders and developers are keeping a close eye on this transition to see if Chainlink becomes the preferred choice for other high profile stablecoin projects in the future.