Circle launches interoperability infrastructure xReserve to help developers deploy USDC-backed stablecoins

According to the official blog, stablecoin issuer Circle has announced the launch of a new interoperability infrastructure called xReserve, which allows blockchain teams to deploy USDC-backed stablecoins that are fully interoperable with USDC.

xReserve is supported by the xReserve certification service, enabling developers and users to seamlessly transfer value between USDC-backed stablecoins and USDC on supported blockchains without relying on third-party bridging services. Its partners Canton and Stacks will integrate with xReserve in the coming weeks.