Domains
Domains are Circle-issued numeric identifiers that map to specific blockchains. They are used in xReserve messages and attestations.- Native domains use small, 0-indexed integers. They represent blockchains where the USDC reserves are held in xReserve contracts for the USDC-backed tokens.
- Remote domains start at 10001 and represent blockchains where USDC-backed tokens are issued and circulated.
Blockchain types
Source chain
The source chain is the blockchain where the xReserve contract exists and USDC is deposited and held in reserve.Remote chain
The remote chain is the xReserve partner blockchain that issues and circulates the USDC-backed token on their blockchain after an xReserve deposit is made.Destination chain
After a remote chain initiates a withdrawal and burns the USDC-backed tokens on its blockchain, xReserve releases the associated USDC on the source chain. The blockchain where the user ultimately withdraws these funds is the destination chain. There are three ways a user can withdraw these funds:- Withdraw USDC on a Gateway supported blockchain: xReserve holds funds in a Circle Gateway wallet. This lets users convert USDC-backed tokens into USDC on any Gateway supported blockchain, including the source chain, without needing to perform an additional crosschain transfer.
- Withdraw USDC on a CCTP-supported blockchain: If a user requests to
withdraw USDC on a non-Gateway supported blockchain, xReserve uses Circle’s
Cross-Chain Transfer Protocol to forward the funds to a
CCTP supported blockchain. When preparing
a burn intent, this blockchain is the
finalDestinationDomain. - Withdraw USDC-backed tokens on another remote blockchain: Redeposits let
users move USDC-backed tokens from one blockchain to another. xReserve
releases the USDC reserve for the remote blockchain and redeposits it for the
destination blockchain. When preparing a burn intent, this blockchain is the
finalDestinationDomain. xReserve updates its onchain and offchain ledgers to reflect the change in reserve on the remote and destination blockchains.
Contracts
xReserve contract
Circle deploys and audits the xReserve contract on source blockchains such as Ethereum. It holds USDC deposited by users in reserve when a USDC-backed token is minted on a remote chain, and releases USDC when the corresponding token is burned and withdrawn.Remote blockchain token contract
The remote blockchain is responsible for deploying, operating, and securing the smart contract that manages its USDC-backed token. This contract mints and burns the token and manages token logic. It also defines the infrastructure and security for how tokens are handled on its blockchain.Tokens
USDC
USDC is issued by Circle on supported blockchains such as Ethereum. It is fully redeemable for fiat with Circle and serves as the official, native representation of the USDC stablecoin.USDC reserve
USDC reserve represents the USDC held in the xReserve smart contract on the source chain. xReserve uses Circle Gateway wallets to hold these balances for the USDC-backed token on the remote chain.USDC-backed token
USDC-backed tokens are issued on remote blockchains. These tokens are backed 1:1 by USDC held in xReserve and interoperable with the broader USDC network. Each remote blockchain defines its own USDC-backed token.Attesters
An attester is a cryptographic identity represented by a singlesecp256k1
keypair.
xReserve and remote blockchains operate independent attesters, creating a
dual-attestation model that ensures both sides must validate before any funds
move. These attesters have distinct responsibilities:
- xReserve attesters are operated by Circle. They monitor USDC deposits into the xReserve smart contract on the source blockchain and sign deposit attestations. Remote blockchains use these attestations to mint USDC-backed tokens on their blockchain.
- Remote blockchain attesters are managed by the remote blockchain operator. They monitor burns of USDC-backed tokens on their blockchain and sign burn intents. xReserve verifies these burn intents and uses them to release the USDC held in the xReserve contract.
Deposits
Deposit intent
DepositIntent is a structured onchain message created when a user deposits
USDC into the xReserve smart contract on the source blockchain.
The following table shows the message format:
| Field | Offset (bytes) | Solidity Type | Length (bytes) | Description |
|---|---|---|---|---|
magic | 0 | uint32* | 4 | 4-byte constant (0x5a2e0acd, subject to change) |
version | 4 | uint32 | 4 | Always 1 |
amount | 8 | uint256 | 32 | Token amount to deposit |
remoteDomain | 40 | uint32 | 4 | Destination domain ID |
remoteToken | 44 | bytes32 | 32 | Token address or identifier on the destination chain |
remoteRecipient | 76 | bytes32 | 32 | Recipient address or identifier on the destination chain |
localToken | 108 | address | 32 | Source chain token address (left-padded to 32 bytes) |
localDepositor | 140 | address | 32 | Source chain depositor address (left-padded to 32 bytes) |
maxFee | 172 | uint256 | 32 | Maximum fee amount to pay on the destination chain |
nonce | 204 | bytes32 | 32 | 32-byte replay protection nonce |
hookDataLen | 236 | uint32 | 4 | Length of hookData in bytes |
hookData | 240 | bytes | n | Optional hook payload |
Deposit attestation
A deposit attestation is an offchain message signed by xReserve attesters. It can be used by remote blockchains to independently mint corresponding USDC-backed tokens. xReserve constructs a deposit attestation in response to receiving a deposit intent.Withdrawals
Withdrawals let users redeem USDC-backed tokens for USDC held in xReserve. Users can also withdraw USDC-backed tokens on another remote blockchain. All withdrawals are initiated on the remote blockchain.Burn intent
ABurnIntent is a structured message that the remote blockchain creates when a
user requests to burn USDC-backed tokens on their blockchain. It includes the
amount of USDC-backed tokens burned and the source blockchain on which the USDC
held in xReserve is released.
Burn intent signature
Remote blockchain attesters sign burn intents, which proves the burn intent is valid. xReserve validates the burn intent and signature before releasing the corresponding USDC reserve.Withdrawal attestation
xReserve issues a withdrawal attestation after validating a burn intent signature and independently validating that the burn occurred on the remote blockchain. This attestation is used to release the USDC held in the xReserve smart contract.Withdrawal forwarding
xReserve lets users withdraw funds on a blockchain other than the source chain without performing an additional crosschain transfer. Because xReserve holds funds in a Circle Gateway wallet, users can immediately withdraw USDC on any Gateway supported blockchain. If the destination chain is not supported by Gateway, xReserve can forward the funds in one of two ways:- CCTP forwarding: xReserve forwards funds to a CCTP supported blockchain, which lets users withdraw USDC on that blockchain.
- Redeposits : xReserve redeposits funds, which lets users withdraw USDC-backed tokens on another remote blockchain.