Movement transforms into an independent Layer 1 blockchain, focusing on stablecoin settlement

According to the announcement, Movement has transformed into an independent Layer 1 blockchain, targeting stablecoin settlement infrastructure in emerging markets. New CEO of Move Industries, Torab Torabi, stated that the company has obtained compliant payment network access capabilities in the United States, Canada, and the European Union through cooperation with regulatory agencies, and has established partnerships with Circle, KAST, Sorted, Oro, Yuzu Money, and Zoth. In addition, Avant Protocol has chosen Movement Network as its infrastructure platform for revenue and fund management products.