What does USDCx on Movement mean? USDC can now flow to and from every chain that supports CCTP. Before: USDC must be bridged from Ethereum to Movement (USDC.e) Now: USDC can be bridged to Movement from any of the chains below + Canton + Cardano and any future integration. But the real unlock is still on the way. Movement will be the payments, remittance, and savings layer for the global south. I’ll say it again: Movement will be the payments, remittance, and savings layer for the global south. Movement is the People’s chain. InshaAllah.
Shayan
@0xShayan
03-25
USDCx is live on Movement today.
If you missed it: USDCx is a USDC-backed stablecoin through Circle's xReserve. Every token is backed 1:1 by actual USDC locked in Circle's reserve. It's real USDC liquidity on Movement, not a wrapped or algorithmic version.
It also plugs into x.com/circle/status/…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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