Movement USDCx (USDCx) stablecoin analytics
Answer First
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...
Is USDCx safe?
USDCx holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Movement USDCx uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; 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.
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 Sep 7, 2026
USDCx is Movement's native dollar, issued through Circle's xReserve contract: deposit USDC, mint USDCx one-for-one, and move it back out via CCTP and Gateway without a third-party bridge. The issuer is the key distinction. Movement's own team issues USDCx rather than Circle, so this is partner-issued plumbing whose solvency is borrowed from Circle's reserves and Circle's custody rather than owed by Circle to the holder. The report card reflects that borrowing directly. Backing and economic control both sit at the...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 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.
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 Sep 7, 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...
Is USDCx safe?
USDCx holds a C+ Safety Score grade (64/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Movement USDCx uses a CeFi-Dependent governance model and Real-World Asset Backed backing, with live reserve feed configured; 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.
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: live reserve feed configured.
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.
