
With Wormhole-powered multichain support, MOVEUSD unlocks access to U.S. banking services, onchain settlement, and treasury tools to builders and businesses worldwide
CHICAGO - July 30, 2025 - CFX, a U.S.-regulated fintech company and the issuer of the MOVEUSD stablecoin, today announced the expansion of MUSD to Ethereum and Base with Wormhole NTT, enabling native, multichain U.S. Dollar settlement for global platforms and businesses. Built in alignment with the recently enacted GENIUS Act, MoveUSD is the first GENIUS-ready stablecoin to offer compliant, programmable liquidity across the two largest EVM ecosystems.
MOVEUSD is redeemable 1:1 against U.S. Dollar reserves held at regulated U.S. financial institutions, acting as a settlement instrument between USDC/USDT/USD and operates within CFX's multi-bank settlement network. Through its integration with Wormhole's Native Token Transfers (NTT) standard, MOVEUSD now moves seamlessly across chains using a burn-and-mint model-without wrappers, synthetic assets, or liquidity fragmentation.
"The GENIUS Act has codified what a U.S. stablecoin must be. MOVEUSD is already there," said Nick "Chicago", CEO & Co-Founder of CFX. "Paired with our crypto-enabled banking platform MOVEUSD is now accessible from 180 countries-and built to meet the unique needs of businesses leveraging stablecoins in their operations. Ethereum and Base are a natural extension to our existing Solana offering."
MOVEUSD is built for the Global Main Street-serving non-U.S. fintechs, digital banks, Web3 platforms, and global businesses excluded from U.S. commercial banking. The stablecoin complements traditional Wall Street-issued RWAs by serving real-world operational needs that are too global, too dynamic, or too underbanked for legacy capital markets. MOVEUSD bridges regulated off-chain infrastructure with programmable onchain liquidity under a unified, scalable network.
Through the MoveUSD stablecoin and platform, CFX provides:
• U.S. commercial accounts and regulatory compliance
• Support for native USDC and USDT settlement
• ACH, Fedwire, and SWIFT transfer capabilities
• U.S. retail cash deposit access across 80,000+ locations
• Access to U.S. Treasury Bills and on-chain private credit programs
"MOVEUSD was designed not just to comply with the GENIUS Act-but to enable what comes next," added Nick. "We're building the infrastructure for cross-border treasuries, payments, and global dollar settlement in a programmable, regulatory-aligned way."
MOVEUSD is now natively deployed on Ethereum and Base using Wormhole's NTT standard, which provides secure, non-wrapped cross-chain token transfers. The Wormhole integration allows CFX to maintain full control of token contracts while enabling multichain liquidity and composability.
Robinson Burkey, Chief Commercial Officer at Wormhole Foundation, commented: "CFX is helping define what the next generation of stablecoin infrastructure looks like-compliant, bank-integrated, and multichain-native. We're proud to support CFX as they bring GENIUS-ready infrastructure to the ecosystem and expand access to regulated U.S. Dollar rails for builders and platforms around the world."
MOVEUSD joins other leading stablecoins using Wormhole's NTT standard, including Sky's USDS, Agora's AUSD, and Transfero's BRZ. Wormhole has facilitated over $60 billion in cross-chain transfers and connects to more than 40 blockchain networks.
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About CFX
CFX is a U.S.-regulated financial technology company headquartered in Chicago. It operates the MoveUSD Network and issues MOVEUSD, a GENIUS-ready, fully reserved stablecoin designed to connect compliant U.S. financial infrastructure with global onchain ecosystems. CFX enables crypto-native platforms, fintechs, and enterprises to access digital dollar infrastructure, fiat rails, and programmable settlement tools. Learn more at moveusd.com
About Wormhole
Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers, institutions, and users seamless connectivity between over 40 leading blockchain networks. The wider Wormhole network is trusted and used by teams like BlackRock, Apollo Global, VanEck, Google Cloud, Circle and Uniswap. To date, the platform has enabled over $60 billion in cross-chain volume, the most of any protocol in the world. Learn more at wormhole.com .
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Media Contact: hello@cfxlabs.com media@wormhole.com