Movement Secures US, Canada, EU Payment Rails as It Targets Emerging Markets

Stablecoin infrastructure company Movement is accelerating its push into emerging markets after securing access to licensed payment rails in the US, Canada and the European Union.

Movement said June 4 that it had obtained access to licensed payment networks across the US, Canada and the EU. The company plans to use that access to build payment and settlement infrastructure that connects stablecoins with traditional financial systems.

Movement said it supports real-world financial services including cross-border payments, remittances, dollar-denominated savings and corporate treasury management by linking stablecoins to licensed payment systems. Fintech companies, neobanks and payment providers can use the Movement network to build those services without setting up complex infrastructure of their own.

The cross-border payments and remittances market that Movement is targeting remains highly inefficient. World Bank data show remittance inflows to low- and middle-income countries reached about $685 billion in 2024, while high fees and long settlement times remain a challenge. Movement is focused on connecting traditional finance and stablecoins by combining licensed payment rails with an on-chain settlement structure.

Its ecosystem is also expanding. KAST, which runs services on Movement, now has more than 18,000 verified users across more than 160 countries. USDCx, based on Circle's US dollar stablecoin USDC, also operates as a native asset on the Movement network.

Other platforms including Avant, Sorted Wallet, Yuzu Money, Oro and Zoth are also operating or under development within the Movement ecosystem.

Movement said wallets and payment applications used by customers in emerging markets are already running on the network, adding that it is rapidly expanding stablecoin financial infrastructure based on real-world use cases.