LINK Price Jumps as Wyoming Drops LayerZero and Adopts Chainlink CCIP
TLDR
- LINK trades near $9.67, up about 3% over 24 hours.
- Wyoming selects Chainlink CCIP as FRNT’s exclusive cross-chain infrastructure.
- The Commission plans to retire its LayerZero implementation.
- FRNT currently operates across eight blockchain networks.
- LINK faces resistance near $9.78 and the $10.03-$10.04 zone.
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.
Wyoming Picks Chainlink CCIP for FRNT Stablecoin
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.
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