Circle launches xReserve, an interoperability infrastructure, to help developers deploy USDC-backed stablecoins.

PANews reported on November 18th that Circle, a stablecoin issuer, announced the launch of its new interoperability infrastructure, Circle xReserve, which allows blockchain teams to deploy USDC-backed stablecoins that are fully interoperable with USDC1. Powered by the xReserve certification service, xReserve enables developers and users to seamlessly transfer value between USDC-backed stablecoins and USDC on supported blockchains without relying on third-party bridging services. Its partners, Canton and Stacks, will integrate with xReserve in the coming weeks.

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