Circle launches xReserve to enable developers to deploy USDC-backed stablecoins on various blockchains

On November 18th, Circle announced the launch of xReserve, facilitating developers to deploy USDC-backed stablecoins seamlessly across supported blockchains.

xReserve ensures that USDC-backed stablecoins can be transferred easily to and from USDC without third-party bridging, enhancing blockchain interoperability.

Initial partners such as Canton and Stacks are set to integrate with xReserve, allowing expanded functionality and usage for developers.

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