Circle launches xReserve to let developers mint USDC-backed stablecoins
Circle has unveiled xReserve, a developer-focused suite that allows projects to issue new stablecoins using USDC as a core reserve asset. The infrastructure aims to make USDC an interoperable form of collateral, enabling indirect integration of USDC liquidity and settlement across other protocols and ecosystems.
For developers and DeFi teams, xReserve could lower the friction and capital requirements of launching collateralized stablecoins, while increasing composability with existing USDC rails. The move may boost demand for USDC and deepen its network effects, as more tokens and platforms can lean on a common, regulated reserve asset. Regulatory oversight and operational transparency around reserve management will remain key as the feature scales, but the launch is a clear push to broaden USDC's role beyond a simple medium of exchange.