Movement's main network launches native stablecoin USDCx

MovementNetwork announced the official launch of the native stablecoin USDCx on the main network. The stablecoin is supported by the CirclexReserve protocol, anchors USDC 1:1, carries near-zero handling fees and does not need to rely on third-party cross-chain bridges. According to reports, users can automatically obtain USDCx after linking USDC to Movement. All conversions and transfers are verified by the xReserve contract, and the reserve asset chain can be checked transparently. USDCx also realizes interoperability with more than 30 public chain USDC through CircleCCTP and Gateway, providing cross-ecological mobility. USDCx is positioned for large-scale user application scenarios, including DeFi liquidity (providing native stablecoins for DEX and lending agreements), cross-border payments and remittances (reducing transfer costs in emerging markets), and new digital banking and financial technology infrastructure construction.