Movement pivots to stablecoin payments as the layer-2 boom loses momentum

Movement is shifting from a Move-language layer-2 blockchain to a stablecoin-powered payments and remittance network, aiming to combine licensed payment partners with on‑chain settlement rails to serve emerging markets. The project secured access to licensed payment systems in the U.S., Canada and the EU and will target the roughly $685 billion remittance market with cross-border transfers, dollar savings and yield products. As part of the pivot, the Movement Network Foundation repurchased ~19% of investor-allocated tokens (about 4.1% of total supply); the MOVE token was trading near $0.1435. The move reflects a broader trend of layer-2 projects pursuing real-world payment use cases as scaling becomes commoditized.