X @Circle

Overview of xReserve - Circle introduces xReserve, a new interoperability infrastructure for blockchain teams to launch USDC-backed stablecoins [1] - xReserve aims to expand the USDC ecosystem by enabling seamless value transfer between USDC and USDC-backed stablecoins across supported chains [1] Key Features of xReserve - xReserve is a Circle-deployed smart contract holding USDC to back stablecoins on participating blockchains, ensuring trust and transparency [1] - Enables 1:1 transfers between USDC-backed stablecoins and USDC for unified liquidity, enhancing interoperability [2] - Crosschain transfers are verified by xReserve attestation, reducing reliance on third-party bridges and minimizing trust [2] - Designed for future extensibility to support additional assets beyond USDC, including EURC [2] Partnerships and Integrations - Circle partners with CantonNetwork and Stacks, two leading blockchains integrating with xReserve in the coming weeks [2]