Profile
MOVEUSD profile facts
CFX MoveUSD (MOVEUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- U.S. dollar deposits held 1:1 in beneficiary accounts at participating FDIC-insured banks for approved CFX customers.
- Peg mechanism
- Issuer-managed mint and redemption route for approved CFX customers, with MOVEUSD intended to settle one-to-one against bank deposits rather than a Treasury reserve portfolio.
- Jurisdiction
- United States / FinCEN / Money Services Business
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Solana.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
MOVEUSD quick answers
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What is CFX MoveUSD (MOVEUSD)?
MOVEUSD is CFX's Solana bank-deposit dollar token backed 1:1 by USD deposits in beneficiary accounts at FDIC-insured banks. The static profile records its US Dollar peg mechanism as: Issuer-managed mint and redemption route for approved CFX customers, with MOVEUSD intended to settle one-to-one against bank deposits rather than a Treasury reserve portfolio.
Is MOVEUSD safe?
As of Nov 8, 2026, Pharos grades MOVEUSD D (43/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and direct redemption is limited to customers the issuer has verified. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs MOVEUSD?
Pharos records MOVEUSD's reserves as of Jul 28, 2026 as 100% USD deposits in beneficiary accounts at FDIC-insured banks. Reserve evidence: curated reserve profile. Pharos classifies the backing as Real-World Asset Backed.
Can MOVEUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem MOVEUSD?
Under the route Pharos reviewed on May 13, 2026, customers the issuer has verified can redeem MOVEUSD for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
