Movement relaunches as Layer 1 focused on stablecoin settlement after token-dumping scandal

Movement, the blockchain project that faced a token-dumping scandal that led to the removal of its co-founder Rushi Manche last year, has relaunched as a standalone Layer 1 network targeting stablecoin payments and remittances in emerging markets. Current CEO Torab Torabi announced the pivot, adding that it comes with partnerships, one of which is Circle,...