Circle launches xReserve interoperability infrastructure to empower blockchain deployment of USDC collateralized stablecoins

Official news, Circle announced the launch of a new interoperability infrastructure, xReserve, aimed at helping blockchain teams deploy USDC collateralized stablecoins that are fully interoperable with native USDC.

xReserve is built on Circle's CCTP (Cross-Chain Transfer Protocol) and Gateway, enabling value transfer through the xReserve attestation service without relying on third-party bridging services. Circle announced partnerships with leading blockchain projects Canton and Stacks, which will integrate xReserve in the coming weeks and launch their respective USDC collateralized stablecoins to support specific use cases within their ecosystems. The technology is designed to pave the way for a multi-chain future by eliminating liquidity fragmentation and minimizing trust assumptions, and it is architected to allow for future support of other digital assets like EURC.