
Movement expands stablecoin payments across major markets
Movement said it has secured access to licensed payment infrastructure across the United States, Canada and the European Union as it expands its stablecoin payments and cross-border settlement business.
The Move-based blockchain network said the new payment rails will help connect traditional banking systems with blockchain-based stablecoin settlement networks, targeting remittances, treasury services and international transfers.
Movement did not disclose the regulated entities or partners providing access to the payment infrastructure but said the system is designed to facilitate transfers between conventional payment networks and blockchain-based settlement layers.
The announcement forms part of the company's broader shift toward stablecoin-powered financial services, a sector that has become one of the fastest-growing areas of the digital asset industry.
Movement also revealed that the Movement Network Foundation repurchased roughly 19% of tokens previously allocated to investors, representing approximately 4.2% of the token's total supply.
The strategy mirrors a broader trend among blockchain networks including Solana, Polygon and Aptos, which have increasingly focused on stablecoin payments and financial infrastructure as adoption grows.
The expansion comes as stablecoins gain regulatory support following the passage of the GENIUS Act, while blockchain companies seek new growth opportunities amid softer cryptocurrency trading volumes and declining market activity.