Movement USDCx (USDCx) stablecoin analytics
USDCx is Movement's native USDC-backed dollar issued 1:1 via Circle's xReserve smart contract, with CCTP/Gateway transfers to and from USDC on other chains.
Static Profile
Static stablecoin profile
Movement USDCx (USDCx) static profile: governance model CeFi-Dependent; backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated May 15, 2026
USDCx is Movement's USDC-backed dollar issued via Circle's xReserve smart contract, with CCTP/Gateway bridging to and from USDC across 30+ chains — partner-issued plumbing, not direct Circle paper. USDCx is Movement Network's native dollar stablecoin, launched on M1 mainnet in...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- 1:1 USDC held in a Circle-deployed xReserve smart contract; the underlying reserve is Circle USDC, whose backing is short-duration U.S. Treasuries and cash held by regulated custodians.
- Peg Mechanism
- Users mint USDCx on Movement by depositing USDC into Circle's xReserve smart contract, which issues USDCx 1:1; redemption burns USDCx and releases the underlying USDC back to the user. xReserve also enables 1:1 transfers between USDCx and USDC across supported chains via Circle CCTP and Gateway without third-party bridges.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Movement.
Snippet Answer
Is USDCx safe?
Pharos does not mark USDCx as absolutely safe. Static metadata says Movement USDCx uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with curated reserve profile; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdcx-movement
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
USDCx quick answers
What is Movement USDCx (USDCx)?
USDCx is Movement's native USDC-backed dollar issued 1:1 via Circle's xReserve smart contract, with CCTP/Gateway transfers to and from USDC on other chains. The static profile records its US Dollar peg mechanism as: Users mint USDCx on Movement by depositing USDC into Circle's xReserve smart contract, which issues USDCx 1:1; redemption burns USDCx and releases the underlying USDC back to the user. xReserve also enables 1:1 transfers between USDCx and...
What backs USDCx?
Pharos classifies USDCx backing as Real-World Asset Backed. Collateral, per the static profile: 1:1 USDC held in a Circle-deployed xReserve smart contract; the underlying reserve is Circle USDC, whose backing is short-duration U.S. Treasuries and cash held by regulated custodians. Reserve evidence: curated reserve profile.
Can USDCx be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for USDCx, when applicable, appear in the dossier below.