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. 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.(Coindesk)