**[Movement Transforms into Independent Layer 1, Targeting Stablecoin Settlement in Emerging Markets]** BlockBeats News, June 2: Movement, the Ethereum Layer 2 project that faced controversy shortly after its launch last year, is now seeking transformation. Torab Torabi, the new CEO of Move Industries, stated that Movement has repositioned itself as an independent Layer 1 blockchain, aiming to become the stablecoin settlement infrastructure for emerging markets. On Tuesday, Move Industries announced that over the past few months, the company has established compliance payment network access across the U.S., Canada, and EU regions by collaborating with regulated remittance and electronic money institutions, laying the foundation for stablecoin payments and cross-border settlement services. According to the announcement, the company has already partnered with stablecoin issuer Circle, wallet projects KAST and Sorted, as well as tokenization projects Oro, Yuzu Money, and Zoth. Additionally, Avant Protocol has chosen Movement Network as the infrastructure platform for its yield and fund management products, further expanding Movement's application scenarios in the stablecoin and real-world asset (RWA) sectors. [Original Link]