Hesab announced that it has selected Movement as the exclusive stablecoin settlement layer for its new Global Self-Custody Bank, a full-stack financial platform that gives users across emerging markets true ownership of their money. The collaboration represents a landmark deployment of Movement's stablecoin settlement infrastructure, giving Hesab's users across 160+ countries true ownership of their money for the first time. Hesab has spent a decade serving exactly those users, currently processing $160 million across over a million transactions per month.
Its next phase targets the global south, including Africa and the Middle East. Movement is the stablecoin settlement and yield layer built for these markets, with access to licensed payment rail across the United States, Canada, and the European Union. Hesab is the first major platform to build on that infrastructure, and the choice reflects what fintechs and neobanks serving the Global South need: fast, compliant cross-border settlement without holding billions in pre-funded float.
Hesab?s Global Self-Custody Bank is built on a purpose-designed infrastructure stack with fintech and enterprise businesses as partners. DFNS provides programmable wallet infrastructure, enabling Hesab to issue millions of non-custodial wallets at scale so users hold their own keys without managing seed phrases. Movement powers real-time stablecoin settlement across corridors, replacing the pre-funded float and correspondent banking bottlenecks that make traditional remittances slow and expensive.
Circle's CCTP moves native USDC seamlessly across blockchains, while Tether supplies USDT liquidity across corridors where it is the preferred dollar-denominated store of value. Hesab serves active users across more than 160 countries and accepts funding from over 20 channels, including bank transfers, debit and credit cards, ApplePay and GooglePay.
Circle Internet Group, Inc. is a global financial technology company. It operates as a platform, network, and market infrastructure for stablecoin and blockchain applications and the issuer of a United States dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively Circle stablecoins). It provides a stablecoin network and a range of blockchain-specific software infrastructure. Its product offerings include Stablecoins, Developer Services, Integration Services, and Tokenized Funds. Developer Services develops an array of developer-ready and enterprise-grade infrastructure services that developers can plug into their own applications. It connects and integrates products, such as USDC across blockchain networks. Its Tokenized Funds are regulated yield-bearing investments for collateral use in capital markets. It also offers liquidity services, which provides institutional minting, reserving, redemption, and foreign exchange services for Circle stablecoins.
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