Movement pivots to stablecoin payments as the layer-2 boom loses momentum

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Movement pivots to stablecoin payments as the layer-2 boom loses momentum The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries. By Margaux Nijkerk | Edited by Sheldon Reback Jun 2, 2026, 1:00 p.m. 2 min read Make preferred on (Martin Lang/Shutterstock) What to know : Movement is pivoting from being another layer-2 blockchain to becoming a stablecoin-powered payments and remittance network, targeting emerging markets with cross-border transfers, dollar savings products and yield infrastructure. The shift reflects a broader trend in crypto, where an increasingly crowded layer-2 landscape is pushing projects to pursue real-world payment use cases, similar to moves by firms like Polygon, as blockchain scaling becomes less differentiated. Movement, a project originally designed to link blockchains built using the Move programming language with Ethereum, is pivoting toward cross-border payments, remittances and dollar savings products, reflecting a broader shift across the increasingly crowded layer-2 landscape.