This week, the Move-based blockchain network obtained licensed payment infrastructure access in the United States, Canada, and the European Union, clearing the way for stablecoin settlements and cross-border remittances through regulated channels. The move pushes the network's technology into mainstream financial plumbing.
Licensed for stablecoin settlement
Regulators in all three jurisdictions granted the network the necessary licenses to operate payment infrastructure that processes stablecoin transactions. The approvals specifically cover settlement and remittance use cases. That means the network can now legally handle stablecoin flows for businesses and individuals, though consumer-facing products may still need additional approvals.
Covering the US, Canada, and EU
The network holds licenses in some of the world's largest financial markets — a notable achievement given the fragmented regulatory landscape. The US, Canada, and the EU each approved the infrastructure, though the network hasn't disclosed which specific state or member-state regulators issued the green lights. Getting licensed across multiple jurisdictions at once is rare; most crypto firms apply piecemeal.
Remittances as a key use case
Cross-border payments are an obvious target. The network says the licensed access will let it handle stablecoin-based remittances — a market where speed and cost matter. The infrastructure is designed to settle in stablecoins directly, bypassing traditional intermediaries that often add days of delay. With the licenses in hand, the network can begin onboarding banks, payment processors, and money transfer operators immediately.
The network hasn't announced a launch date for services in any of the three regions. But the licenses are live, so the next step is likely partnerships or a formal rollout.
