Movement expands stablecoin payments push with access to US, Canada, EU rails
Movement, a Move-based blockchain network, said it has gained access to licensed payment rails in the US, Canada, and the EU to strengthen cross-border payments and treasury services, especially in emerging markets. The company plans to link traditional banking systems with stablecoin settlement networks, focusing on stablecoin-based settlement rather than purely crypto-native transfers. It did not disclose the partners behind the rail access. Movement also said its foundation repurchased about 19% of tokens previously allocated to investors, equal to roughly 4.2% of total MOVE supply. The shift reflects a broader industry move toward stablecoin payments and financial infrastructure, seen also in networks like Solana, Polygon, and Aptos. Stablecoins now total more than $320 billion in market value.
