Today, Move Industries, the core contributor of the Movement Network, officially launches USDCx on Movement, a stablecoin natively issued on Movement's M1 Mainnet, fully backed 1:1 by USDC, with near-zero fees and no reliance on third-party bridges.
Built for the world's next billion users, USDCx delivers a reliable, low-cost dollar-denominated stablecoin for everyday payments, remittances, and access to DeFi.
How USDCx on Movement Works
USDCx on Movement is powered by Circle xReserve, a Circle-deployed smart contract that holds USDC as a reserve. When users bridge USDC to Movement, they receive USDCx automatically. There are no third-party bridges, no hidden security assumptions, and no fees to mint.
All transfers between USDCx and USDC are verified by xReserve, and reserves are held transparently onchain. USDCx is also fully interoperable with USDC across 30+ blockchains via Circle CCTP and Circle Gateway, giving users and developers ecosystem-wide liquidity from day one.
Built for Real Use
USDCx on Movement is designed for the use cases where stablecoins can make a lasting impact:
DeFi Liquidity: Native stablecoin for DEXs, lending protocols, and DeFi on Movement. No bridge dependencies, with $MOVE token rewards to bootstrap liquidity pools.
Remittances and Cross-Border Payments: Near-zero-fee stablecoin transfers for Global South users a direct, lower-cost alternative to existing remittance corridors.
Neobank and Fintech Infrastructure: USDCx gives Movement’s emerging neobanks and fintech partners like KAST access to institutional-grade opportunities, enabling a new class of stablecoin-native financial products built on Movement’s rails.
Crosschain Liquidity: USDCx connects to USDC across 30+ chains via Circle Gateway and CCTP, giving developers and users ecosystem-wide liquidity from day one.
Already Live. Already Building
USDCx launches with deep ecosystem integration across DeFi, wallets, and institutional infrastructure. Partners already live with USDCx on Movement include Avalon Labs (CDP), Canopy (yield aggregator) Meridian (DEX), Echelon Market (lending), LayerBank (lending), Matrix.fun (gaming), Double Up (wagerFi), Yuzu (DEX), Mosaic (Aggregator) Nightly (wallet), Fireblocks (institutional token management) and MPC Vault (institutional crypto custody).
Why It Matters
Unlike traditional bridged stablecoins, USDCx is issued directly on Movement with reserves held transparently onchain - no third-party bridges, no hidden security assumptions. Combined with Movement's near-zero transaction fees, USDCx makes stablecoin use economically viable for real-world applications at global scale.
Bridge to Movement Today
USDCx is live on Movement’s M1 Mainnet now. Bridge USDC to Movement and receive USDCx automatically. No extra steps required.
Have Additional Questions:
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Learn more about Movement by following @Movement_xyz on X.