USDC

USDCx is a dollar-denominated stablecoin created by a decentralized protocol on Canton. When a user deposits USDC into xReserve on Ethereum, a mint of USDCx is initiated on Canton through the protocol.xReserve works in tandem with Circle Gateway and Circle CCTP to make USDCx on Canton interoperable with USDC across supported blockchains, without reliance on third-party bridges.