Hassan Maishera
On Wednesday, the Wormhole team announced via X that $MOVEUSD by CFX Labs is now natively multichain and live on Solana, Base, and Ethereum, powered by Wormhole NTT.
MoveUSD is a U.S. dollar-referenced digital asset designed to be fully backed 1:1 with permissible reserve assets in alignment with the GENIUS Act standards. CFX is a U.S.-licensed fintech company based in Chicago that operates the MoveUSD network, a gateway to U.S. banking designed to facilitate digital dollar infrastructure and cross-border payment workflows. Through its crypto-enabled services portal, CFX enables non-U.S. corporates and foundations to access certain U.S. financial services through accounts maintained with FDIC-insured partner banks.
MOVEUSD is currently available on Solana, Base, and Ethereum via Wormhole’s Native Token Transfers (NTT) standard, enabling native movement across supported chains without wrapped representations.
Wormhole is a leading interoperability platform powering multichain applications and bridges at scale. Wormhole’s modular suite of open-source, permissionless protocols and tools is being used by multichain builders to create some of the most popular web3 applications. W is trading at $0.0841, up 2.94% in the last 24 hours.
