TechFlow news, November 19 — Circle announced the launch of Circle xReserve, a new interoperability infrastructure enabling blockchain teams to deploy USDC-backed stablecoins that are fully interoperable with USDC. xReserve offers a certification service allowing developers and users to seamlessly transfer value between USDC-backed stablecoins and USDC across 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 diverse use cases within their ecosystems.
Notably, the Canton Network is the first public, permissionless blockchain purpose-built for institutional-grade finance.
