$MOVEUSD: The Institutional-Grade Stablecoin

$MOVEUSD is a U.S.-based, institutional-grade stablecoin issued as a deposit token by CFX. CFX is registered with FINCEN as a Money Services Business (MSB #31000234678229) and holds state money transmitter licenses (NMLS #2383683) in all states requiring such licenses. These credentials ensure that CFX operates in full compliance with both federal and state regulations.

Developed in collaboration with a U.S. universal bank that serves as both an investor and a key partner, $MOVEUSD offers a robust suite of integrated financial services. Customer deposits are within designated beneficiary account(s), promoting strong compliance and transparency. This structure provides the stability of traditional financial systems while harnessing blockchain technology to enable scalable, secure, compliant digital transactions.

In addition, $MOVEUSD incorporates enhanced treasury management capabilities by leveraging program revenue derived from U.S. Treasury Bills. By uniting these features, $MOVEUSD delivers an institutional-grade financial solution for businesses of all sizes, emphasizing compliance, efficiency, and innovation.

How $MOVEUSD Works

$MOVEUSD deposit tokens represent claims on deposits held by the bank (e.g., Metropolitan Capital Bank & Trust; Member FDIC) on behalf of customers. These tokens are issued and redeemed via blockchain smart contracts, seamlessly integrating the regulatory assurances and reliability of traditional banking with the speed, security, and programmability of modern digital assets. Through this innovative approach, $MOVEUSD enables businesses to conduct frictionless, real-time, and cost-efficient financial transactions.

Minting

Process: Deposits are made at participating retail cash locations, via bank transfer, or through digital asset OTC transactions. Once received, $MOVEUSD is minted and delivered to the designated blockchain wallet.
Value Proposition: Offers immediate access to stablecoins without waiting for bank settlement times—crucial for users in high-inflation environments or businesses operating outside standard U.S. banking hours.

Redemption

Process: $MOVEUSD tokens can be redeemed 1:1 for USD via designated redemption channels.

Collateral Management

Process: $MOVEUSD is backed 1:1 with U.S. dollar deposits held at Metropolitan Capital Bank & Trust, a Member FDIC institution.
Assurance: These deposits are maintained in a bank-named beneficiary account, ensuring transparency and robust oversight.

Security Model

Smart Contract Secured: Smart contracts employ a hybrid permissioned model. Minting requires authorization to verify deposits, transfers are self-directed, and redemptions are designed to be transparent and secure.
Safeguards: Comprehensive accountability measures protect users from discrepancies in deposit verification or settlement processes.

Features and Advantages

1. Regulatory Assurance

Issued with oversight by federally insured depository institutions, ensuring stringent oversight and compliance with banking regulations.
Fully aligned with regulatory requirements, including Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.

2. Programmability and Flexibility

Supports advanced use cases like automated treasury operations, conditional payments, and programmable financial workflows via smart contracts.
Seamlessly integrates with traditional financial infrastructure (e.g., ACH, wire transfers) and blockchain networks.

3. Treasury Management Capabilities

Access to revenue-generating programs, such as U.S. Treasury Bills, managed by the bank. These revenues support operational stability and financial optimization for businesses.
Engineered to optimize cash flow and liquidity for businesses with sophisticated financial needs.

4. Efficiency and Scalability

Instant settlement of transactions eliminates costly delays and reduces reliance on intermediaries.
Suited for high-volume transactions, including cross-border payments and enterprise-level financial operations.

5. Interoperability with Stablecoins, Physical Cash, and Bank Deposits

Enables conversion between physical cash, $MOVEUSD, and other blockchain-based stablecoins, ensuring compatibility across major platforms.
Incorporates mechanisms that ensure compliance with relevant regulatory frameworks for all forms of interoperability.

Why $MOVEUSD?

$MOVEUSD provides a robust financial solution that merges traditional banking systems with the dynamism and efficiency of blockchain technology. Developed in collaboration bank partner and supported by licensed broker-dealers, $MOVEUSD addresses a broad spectrum of business needs—from payments and treasury management to cross-border financial operations. By integrating the stability of regulated banking with the versatility of digital assets, $MOVEUSD offers a streamlined, scalable, and compliant toolkit for businesses seeking to modernize their financial infrastructure.