MoveUSD price

MOVEUSD

#7774

MoveUSD operates on blockchain infrastructure to support real-time settlement of USD value across supported networks. It is intended for business and fintech use cases including treasury, payments, and cross-border transactions.

• 1:1 USD Backing: Each token corresponds to one U.S. dollar held in a U.S. bank account.
• Redemption at Par: MoveUSD may be redeemed for USD through approved channels.
• Real-Time Settlement: Transfers settle on supported blockchains for faster movement of USD value.
• Bank Connectivity: MoveUSD functions within the CFX Network, which links USD accounts and payment rails across participating U.S. financial institutions.

APIs for integrating account management, settlement workflows, and MoveUSD functionality into financial or enterprise systems.

MoveUSD is issued by CFX Labs, headquartered in Chicago. CFX Labs is registered as a Money Services Business with FinCEN and operates under applicable U.S. money-transmission and banking-partner regulations.

MoveMoney USD (MOVEUSD) is a digital asset issued by CFX, designed to be redeemable 1:1 for US dollars, facilitating global business transactions. The CoinFX Network, a stablecoin settlement network, underpins MOVEUSD, enabling international monetary payments. Governed by a diverse group of founders, executives, and venture capital firms, the network ensures robust governance and operational integrity.

MOVEUSD operates on the Solana blockchain, known for its high-speed and secure transactions. This blockchain choice ensures that MOVEUSD transactions are not only fast but also transparent and secure. The stablecoin is backed by US dollars held in custody by participating FDIC Member Banks, with routine audits conducted by SEK to ensure transparency and trust.

MOVEUSD supports efficient value transfers across borders, making it ideal for businesses and individuals engaged in international trade or remittances. It integrates seamlessly across various services, including P2P transactions, marketplaces, payroll, and treasury management.

The CoinFX Network offers several tools to enhance the user experience. The Move Money Wallet is a secure, intuitive smart wallet for storing, managing, and transacting with MOVEUSD and other digital assets. The CoinFX Network Explorer provides real-time transaction tracking and network performance monitoring, ensuring transparency. Additionally, CoinFX APIs allow businesses to integrate MOVEUSD into their existing systems effortlessly.

CFX Labs, headquartered in Chicago, issues MOVEUSD and is a registered Money Services Business with money transmission licenses in multiple U.S. states. MOVEUSD can be purchased at leading national chain stores throughout the U.S., including Walmart, Walgreens, and CVS, making it accessible to a broad audience.

MoveMoney USD (MOVEUSD) operates on the Solana blockchain, a platform celebrated for its high-speed transactions and minimal fees. Solana's architecture is designed to handle thousands of transactions per second, making it an ideal choice for a stablecoin like MOVEUSD, which requires rapid and cost-effective processing. The blockchain's consensus mechanism, Proof of History (PoH), is a key innovation that timestamps transactions, ensuring they are processed in the correct order without the need for extensive computational power, thus enhancing efficiency.

The security of the Solana blockchain is fortified through a combination of PoH and Proof of Stake (PoS). In PoS, validators are chosen to confirm transactions based on the number of tokens they hold and are willing to "stake" as collateral. This system discourages malicious activities, as validators have a financial incentive to act honestly. If a validator attempts to manipulate the network, they risk losing their staked tokens, which serves as a deterrent against attacks.

MoveMoney USD is part of the CoinFX Network, which leverages CFX's digital assets and local currency bridge technology. This includes stablecoins, real-time global payments, and a liquid treasury, providing a comprehensive financial ecosystem. The CoinFX Network facilitates seamless cross-border transactions, making MOVEUSD a practical solution for international trade and remittances. The network's infrastructure supports both on and off ramps in multiple countries, enhancing its utility for global users.

A distinctive feature of MOVEUSD is its 1:1 backing with US dollars, ensuring stability and trust. The USD reserves are held by participating FDIC Member Banks, and regular audits are conducted by SEK to maintain transparency and accountability. This backing provides users with the assurance that each MOVEUSD token is redeemable for one US dollar, reinforcing its reliability as a stablecoin.

The CoinFX Network offers a suite of tools to enhance user experience and integration. The Move Money Wallet is a secure and user-friendly smart wallet that allows individuals to store, manage, and transact with MOVEUSD and other digital assets. This wallet can be embedded into existing mobile applications and websites, making it accessible to a broad audience, including those who may not be technically inclined.

Transparency is a cornerstone of the CoinFX Network, achieved through the CoinFX Network Explorer. This tool enables users to track transactions and monitor network performance in real-time, fostering trust and reliability. Additionally, CoinFX APIs provide businesses with the capability to integrate MOVEUSD into their existing systems seamlessly, facilitating a smooth transition to digital currency operations.

CFX Labs, headquartered in Chicago, is the issuer of MOVEUSD. As a registered Money Services Business with money transmission licenses in multiple U.S. states, CFX Labs ensures compliance with regulatory standards, further solidifying the credibility of MOVEUSD. This regulatory adherence is crucial for maintaining user confidence and ensuring the stablecoin's widespread acceptance.

The technology behind MOVEUSD is a blend of innovative blockchain solutions and robust financial infrastructure, designed to offer a secure, efficient, and transparent digital currency experience. By leveraging the speed and low costs of the Solana blockchain, coupled with the comprehensive tools and services of the CoinFX Network, MOVEUSD stands as a formidable player in the realm of digital finance.

MoveMoney USD (MOVEUSD) is a USD-backed stablecoin designed to facilitate seamless and efficient financial transactions. It offers several real-world applications that cater to both individuals and businesses.

One of the primary uses of MOVEUSD is enabling digital dollars for global business transactions. This allows companies to conduct international trade with ease, bypassing the complexities and delays often associated with traditional banking systems. MOVEUSD supports real-time payouts in multiple markets, making it an ideal solution for businesses that require quick and reliable payment processing.

Another significant application is in the realm of programmable money services. MOVEUSD provides wholesale access to these services, allowing businesses to automate and streamline their financial operations. This can include anything from payroll management to treasury functions, enhancing overall efficiency.

For individuals, MOVEUSD offers the ability to earn interest on USD balances. This feature makes it an attractive option for those looking to grow their savings while maintaining the stability of a USD-backed asset. Additionally, MOVEUSD can be used for remittances, providing a cost-effective and fast way to send money across borders.

MOVEUSD also supports cash loading and payment collection and disbursement. This is particularly useful for small businesses and freelancers who need a reliable way to manage their finances. The stablecoin is backed by FDIC member banks and adheres to state licensing and regulatory compliance, ensuring a high level of trust and security.

The platform is user-friendly, offering fast and convenient transfers, direct deposit options, and access to global markets. It allows for seamless management and transfer of money between different currencies, making it a valuable tool for anyone involved in the world of cryptocurrency.

MoveMoney USD (MOVEUSD) is a USD-backed stablecoin that powers the CoinFX Network, offering a reliable digital asset for seamless global transactions. Settled on the Solana blockchain, it ensures speed, security, and transparency in every transaction.

One of the pivotal moments for MoveMoney USD was the launch of CFX Retail Cash Load. This service allowed users to load cash into their digital wallets at various retail locations, significantly enhancing accessibility and usability. This initiative was followed by the introduction of CFX Liquid Treasury, a tool designed to provide liquidity management solutions for businesses and individuals using MoveMoney USD.

Another significant development was the rollout of CFX MintWire & MintAccounts. These services enabled users to mint and manage their MoveMoney USD holdings more efficiently, providing a streamlined process for both individual and institutional users. The partnership with Balam further expanded the utility and reach of MoveMoney USD, integrating it into a broader ecosystem of financial services and applications.

CFX Labs, the issuer of MoveMoney USD, holds money transmission licenses in multiple U.S. states, ensuring compliance with regulatory frameworks. This adherence to regulation is complemented by robust transaction monitoring systems, which help maintain the integrity and security of the network.

MoveMoney USD's integration into the CoinFX Network has been a key factor in its growing popularity. The network offers tools such as the Move Money Wallet, a secure and intuitive smart wallet for managing digital assets, and the CoinFX Network Explorer, which provides real-time transaction tracking and network performance monitoring. Additionally, CoinFX APIs allow businesses to seamlessly integrate MoveMoney USD into their existing systems, enhancing its utility and adoption.

These developments have positioned MoveMoney USD as a significant player in the cryptocurrency space, particularly for cross-border transactions and multi-currency payment use cases.