Gate News, March 25 — Movement Network announced the official launch of its native stablecoin USDCx on the mainnet. The stablecoin is supported by the CirclexReserve protocol, anchored 1:1 to USDC, with near-zero fees and no reliance on third-party cross-chain bridges. After users cross-chain USDC to Movement, they automatically receive USDCx. All exchanges and transfers are verified by the xReserve contract, with on-chain transparency of reserve assets. USDCx achieves interoperability with over 30 blockchains’ USDC through Circle CCTP and Gateway, providing cross-ecosystem liquidity. USDCx is targeted at large-scale user applications, including providing DeFi liquidity for DEXs and lending protocols, reducing cross-border payment and remittance costs in emerging markets, and supporting new digital banking and fintech infrastructure development.
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