Chainlink price has risen by 3% to $9.67 after the Wyoming Stable Token Commission selects Chainlink’s Cross-Chain Interoperability Protocol as the exclusive cross-chain infrastructure for its Frontier Stable Token. The Commission plans to retire its LayerZero implementation following a security review and move FRNT transfers to Chainlink CCIP.
LINK rebounds from an intraday low near $9.39, breaks back above $9.50 and reaches a session high around $9.69. Chainlink’s market capitalization stands near $7.23 billion, while 24-hour trading volume rises about 3% to approximately $250.28 million.
The Wyoming Stable Token Commission said that Chainlink CCIP will support cross-chain transfers for FRNT across its multi-chain network. FRNT currently operates on eight blockchains, including Ethereum, Solana, Arbitrum, Avalanche, Base, Hedera, Optimism and Polygon.
The Commission describes FRNT as a fiat-backed and fully reserved digital token designed for payments and settlement. The project targets individuals, businesses, institutions and public-sector users while maintaining access across several blockchain networks.
Wyoming says its decision follows a review of LayerZero’s disclosure practices and operational security. Executive Director Anthony Apollo says Chainlink CCIP was the only infrastructure reviewed that met the Commission’s requirements for security and reliability across all assessed areas.
“Following the review, the Commission decided to adopt Chainlink CCIP,” Apollo said. The statement represents the Commission’s assessment of the competing infrastructure rather than a broader conclusion about every LayerZero implementation.
Chainlink says CCIP provides audited software, monitoring systems, built-in risk controls and decentralized transaction validation. The infrastructure also carries SOC 2 Type 2 certification, which forms part of the security framework used for institutional deployments.
Every CCIP transaction is redundantly validated by at least 16 independent node operators, according to Chainlink. The company says its wider oracle infrastructure has facilitated more than $33 trillion in transaction value across blockchain applications.
Chainlink co-founder Sergey Nazarov says Wyoming’s choice reflects demand from governments and institutions for reliable infrastructure when moving digital assets across networks. He says Chainlink plans to work with the Commission as FRNT expands its cross-chain use.
Wyoming’s migration also keeps the state’s multi-chain strategy intact. The Commission has previously been encouraged to remain technology-neutral when selecting blockchain networks, while FRNT has expanded through a recurring network-selection process.
Chainlink’s latest price move brings the $9.78 level into focus before the stronger resistance zone around $10.03-$10.04. LINK has already recovered sharply from the $8.20-$8.60 region and is trading above its shorter-term moving averages.
Source: X
Momentum readings remain positive following the recent advance, although the move toward $10 represents a technical test rather than a confirmed breakout. A sustained push above $10.03 could extend the recovery, while failure to hold the move could bring lower support areas back into focus.
The first downside area sits near $9.22, which remains close to the rising short-term structure. A deeper retracement would place $8.62 and the broader $8.40-$8.60 region back in focus.
The post LINK Price Jumps as Wyoming Drops LayerZero and Adopts Chainlink CCIP appeared first on CoinCentral.
