According to the official announcement, USDCx is live on Movement M1 with full USDC-backed reserves, automatic post-transfer conversion, and integrations spanning trading, lending, wallets, and custody applications.
Move Industries said in an official announcement that USDCx has launched on the Movement M1 mainnet as a native stablecoin backed 1:1 by full USDC reserves. The company said Circle xReserve automatically converts USDC into USDCx after cross-chain transfers, without requiring a third-party bridge, and described minting fees as near zero. It also said USDCx is already integrated with decentralized exchange, lending, wallet, and institutional custody applications on the network.