Is "remotepairingd" Xcode-related?

Is remotepairingd part of Xcode? It seems to be stuck using 119% CPU. This may have started when I recently paired my new Apple Watch with Xcode - or maybe that is a coincidence. The console is full of:

error 16:40:26.237601+0000 remotepairingd socket-1: No more data can be received, connection was closed

Is "remotepairingd" Xcode-related?
 
 
Q