TechFlow News, June 2nd: According to The Block, Movement—a formerly controversial Ethereum Layer 2 project—has relaunched as an independent Layer 1 blockchain, aiming to become a stablecoin settlement solution for emerging markets.
Torab Torabi, the new CEO of Move Industries, stated that over the past several months, the project has secured licensed payment channels covering the United States, Canada, and the European Union through partnerships with regulated remittance and e-money institutions. It is also collaborating with Circle, KAST, Sorted, Oro, Yuzu Money, and Zoth.
The report notes that Movement’s relaunch is also tied to brand rehabilitation following the token sale controversy in early 2025.
Add to Favorites
Share to Social Media
