Movement launches native stablecoin USDCx

CoinFeed reported on March 25 that Move Industries, a core contributor to the Movement Network, launched USDCx on the Movement M1 mainnet. This stablecoin is fully backed by USDC reserves at a 1:1 ratio and automatically exchanges USDC across chains via Circle xReserve, requiring no third-party bridge and with near-zero minting fees. It has already been integrated into ecosystem applications such as DEXs, lending platforms, wallets, and institutional custody.