Movement expands stablecoin payments push with access to US, Canada, EU rails
The Move-based blockchain network said it gained access to licensed payment infrastructure as it shifts toward stablecoin settlement and remittances.
Movement, the Move-based blockchain network that has expanded into stablecoin payments and financial infrastructure, said it has gained access to licensed payment rails across the US, Canada and the EU, a move aimed at strengthening its cross-border payment offerings in emerging markets.
In a Tuesday announcement, Movement said it plans to use the payment infrastructure to connect traditional banking systems with stablecoin settlement networks, targeting cross-border transfers and treasury services in regions where payment costs remain high and financial access is limited.
Movement did not identify the partners or regulated entities that would enable its payment rail access. Still, the company said the infrastructure will enhance its ability to move funds between traditional payment networks and blockchain systems, with a focus on stablecoin-based settlement rather than fully crypto-native transfers.