Movement, a blockchain network built on the Move programming language that is expanding into stablecoin payments and financial infrastructure, has announced it now has access to licensed paym
Movement, a blockchain network built on the Move programming language that is expanding into stablecoin payments and financial infrastructure, has announced it now has access to licensed payment rails across the United States, Canada, and the European Union. The company aims to use this development to strengthen its cross-border payment services, particularly targeting emerging markets.
According to Tuesday’s announcement, Movement intends to use this payment infrastructure to connect the conventional banking system with stablecoin settlement networks. The focus is on cross-border remittances and treasury services in regions where transaction costs remain high and financial inclusion is limited. Movement is known in the sector as a blockchain ecosystem built upon the Move programming language.
Mini glossary: Settlement refers to the process by which a payment is finalized and becomes irreversible between parties. Stablecoin settlement means carrying out this process using digital assets pegged to a fixed value.
The company did not disclose its partners or the regulated entities which are providing access to payment rails. However, it emphasized that the new infrastructure will streamline fund transfers between traditional payment networks and blockchain systems. The statement underlined a preference for stablecoin-based settlements rather than fully crypto-native transfers.
Movement has announced plans to use its licensed payment infrastructure to bridge the gap between traditional banking and stablecoin settlement networks, supporting cross-border transactions where costs are high.
Alongside the payment infrastructure focus, the company has also reported a token buyback. The Movement Network Foundation disclosed it repurchased around 19% of the tokens previously allocated to investors, an amount representing about 4.2% of the total token supply.
According to data from CoinMarketCap, the market capitalization of MOVE tokens has fallen from a peak of roughly $2.5 billion to $54 million. The company did not provide additional details explaining the reasons behind this sharp decline.
The Movement Network Foundation has reported the purchase of approximately 19% of investor-allocated tokens, corresponding to 4.2% of the total supply.
Movement’s new direction reflects a wider trend in blockchain. Networks that started as smart contract platforms are increasingly focusing on stablecoin payments and financial infrastructure in recent months.
Solana, after gaining recognition for its decentralized finance and consumer apps, has spotlighted stablecoin payments and remittances in recent months. Polygon, an Ethereum layer-2 solution, is also emphasizing stablecoin settlement and payment innovations beyond its original scaling mission. Another Move-based network, Aptos, sees payments, consumer finance, and stablecoin use cases as core to its growth strategy.
This industry shift comes at a time when stablecoins remain one of the fastest-growing segments in digital assets. In the US, the GENIUS Act passed last year introduced a federal framework for payment-focused stablecoins. According to DefiLlama data, the total stablecoin market has surpassed $320 billion.
The growing focus on payment infrastructure coincides with a period of uncertainty in crypto markets. Data from TRM Labs indicates that global cryptocurrency trading volume dropped 11% year-over-year in the first quarter, signaling a slowdown in market activity and investor demand.
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