Wu has learned that Movement Network announced the launch of its native stablecoin USDCx on the mainnet, which is backed 1:1 by USDC, with reserves held in custody through Circle xReserve contracts and transparently verified on-chain. The process does not rely on third-party bridges and minting is free of charge; users can automatically receive USDCx after transferring USDC to Movement, and achieve interoperability with USDC across more than 30 public chains via Circle CCTP and Gateway.

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