USDCx on Canton now available via Circle xReserve

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We’re excited to share that Canton is now the first blockchain connected to Circle xReserve. Through this integration, USDCx on Canton is now available, providing a USDC-backed stablecoin to developers and users and enabling access to crosschain USDC liquidity.

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About Canton

Canton is a Layer 1 blockchain purpose-built for financial markets. It is designed to enable privacy-preserving, interoperable smart contracts that support tokenized real-world assets, atomic settlement, and institutional payments. Designed for compliance and scalability, Canton connects financial institutions through a network of synchronized, independently governed applications while maintaining data confidentiality.

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What is USDCx

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.

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USDCx on Canton

Token Name: USDCx

Token Symbol: USDCx

Mainnet InstrumentId.id  = USDCx

Mainnet InstrumentId.admin = decentralized-usdc-interchain-rep::12208115f1e168dd7e792320be9c4ca720c751a02a3053c7606e1c1cd3dad9bf60ef

Testnet InstrumentId.id = USDCx

Testnet InstrumentId.admin = decentralized-usdc-interchain-rep::122049e2af8a725bd19759320fc83c638e7718973eac189d8f201309c512d1ffec61

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Powering new use cases

With Canton’s connection to xReserve, developers and institutions can explore powerful new onchain use cases:

• Atomic Settlement of Tokenized Assets: Canton’s infrastructure enables the tokenization of real-world assets from bonds, loans, and repos as well as wrapped-BTC. With USDCx on Canton, these assets can now settle instantly against a fully backed stablecoin, improving capital efficiency and reducing counterparty risk.
• Privacy-Preserving Payments: Canton’s architecture supports confidential transactions. With USDCx on Canton, institutions and treasury teams can now conduct privacy-preserving payments to support compliance workflows and requirements.‍
• Interoperable Onchain Cash for Multi-Party Workflows: USDCx on Canton is interoperable with USDC across over 20+¹ blockchains. This allows Canton to serve as a hub for multi-party workflows involving other networks, supporting use cases like cross-border transfers, DvP (Delivery vs. Payment), and institutional liquidity routing.‍

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Top apps and participants using USDCx on Canton

USDCx on Canton launched with Day 1 adoption and live on-chain transactions from: Bron, Cantor8, CertiK, Cumberland DRW, Dfns, Digital Asset, G20, Hydra X, IMC Trading, Loop, QCP, Send on Canton Network, Temple.

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Get started today

Visit Canton network to learn more about USDCx on Canton.

Dive into our documentation to learn more about xReserve.

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_{1. As of December 2, 2025}