The Canton network has become the first blockchain to integrate Circle's xReserve technology, launching #USDCx - a secure stablecoin backed 1:1 by #USDC . This innovative solution combines the security of #USDC with essential privacy features for businesses and financial institutions.
Key Highlights:
- Unlike public blockchains, Canton allows transactions without disclosing sensitive information such as pricing, trading partners, or value.
- #USDCx can move between Canton and other blockchains without the need for third-party bridges, eliminating security risks.
- Organizational financial support 24/7 with atomic swaps, treasury operations, and collateral management.
- Proven in practice: Bank of America, Citadel Securities, and other organizations have completed funding the U.S. Treasury on-chain by #USDC on Canton.
This development comes as the supply of stablecoins exceeds $160 billion globally, signaling increasing demand for dollar-valued digital assets at a pace comparable to cryptocurrencies and institutional-grade privacy.
Information is for reference only and not investment advice.
