Wyoming Switches Blockchain Infrastructure Over Security Concerns in Stablecoin Plan

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Wyoming has become the first U.S. government entity to publicly replace its blockchain infrastructure citing security reasons. The state is moving away from LayerZero as part of its stablecoin initiative. This decision aligns with a broader trend, as LayerZero has seen approximately $15 billion in departures. The move signals growing scrutiny of blockchain security standards among public institutions considering digital currency projects.

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