According to Deep Tide TechFlow news, on November 19, Circle announced the launch of Circle xReserve, a new interoperability infrastructure that enables blockchain teams to deploy USDC-backed stablecoins fully interoperable with USDC. xReserve provides xReserve verification services, allowing developers and users to seamlessly transfer value between USDC-backed stablecoins and USDC on supported blockchains without relying on third-party cross-chain services.
Currently, Circle has announced partnerships with two blockchain companies, Canton and Stacks, which will integrate with xReserve in the coming weeks. Both will launch USDC-backed stablecoins to support various application scenarios in the ecosystem.
It is reported that the Canton Network is the first public, permissionless Blockchain designed for institutional-grade finance.
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