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Circle Launches xReserve for Multichain USDC Expansion

Circle Launches xReserve for Multichain USDC Expansion

Author:

Global Cryptocurrency

Published:

2025-11-18 22:37:47

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BTCCSquare news:

Circle has introduced xReserve, a smart-contract system enabling blockchains to issue their own USDC-backed stablecoins with 1:1 interoperability. Initial integrations include Canton Network and Stacks. The MOVE aims to unify fragmented liquidity and reduce reliance on third-party bridges.

The launch follows Circle's 66% revenue surge and growing USDC adoption. xReserve solves the "bridged stablecoin" problem by allowing networks to mint their own USDC-backed stablecoins directly against USDC held in xReserve contracts, verified through Circle-issued attestations.

Jeremy Allaire, Circle’s CEO, described the launch as a major step toward a unified stablecoin standard. xReserve functions as a Circle-deployed smart contract holding USDC, enabling seamless cross-chain transactions.

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