Circle Introduces xReserve for USDC-Backed Stablecoin Launch, Boosting CRCL Stock

Circle Internet Group has unveiled the xReserve interoperability infrastructure to further develop the USDC ecosystem. This allows blockchain teams to launch their own USDC-backed stablecoins with enhanced security and trust by eliminating reliance on third-party bridging services. The move is driving positive impact on CRCL stock, which saw a rebound of over 1% on Tuesday.