Circle Launches xReserve to Enable USDC-Backed Stablecoins Across Blockchains

Circle’s xReserve is a new smart-contract system that enables blockchains to issue their own USDC-backed stablecoins with 1:1 interoperability, unifying liquidity and minimizing bridge risks across networks. Circle launches xReserve to allow seamless USDC-backed stablecoin issuance on partner blockchains. Initial integrations feature Canton Network for institutional settlement and Stacks for Bitcoin-layer applications. The platform supports […]

Source: https://en.coinotag.com/circle-launches-xreserve-to-enable-usdc-backed-stablecoins-across-blockchains