/
/
Circle Launches xReserve For USDC Backed Stablecoins
Circle Launches xReserve For USDC Backed Stablecoins. Photo By Clark Van Der Becken On Unsplash.
Circle has launched a new product called xReserve for using USDC as across chains.
The stablecoin issuer has revealed an innovative smart contract aimed at developers from the industry and different blockchain platforms to utilise USDC as backing to improve bridging. This will be first tried out within the ecosystems of the Canton Network, a payments chain for banks and financial institutions, as well as Stacks, a protocol built on the Bitcoin network. Co-founder and CEO Jeremy Allaire reacted on X:
READ THIS FROM WHEREVER YOU ARE.
By signing up, you agree to our Privacy Policy
Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.
Certain pages may have disclaimers above to distinguish between submitted press releases, AI-assisted and sponsored content, as well as Stablecoin News exclusives. Sources used are shown below.
