Hesab and Movement Partner on Banking

Hesab, a global digital payments platform, has selected Movement, a blockchain network for stablecoin settlement, as the exclusive settlement layer for its new Global Self-Custody Bank. Movement will provide real-time stablecoin settlement and access to regulated payment rails in the United States, Canada, and the European Union.

The platform also includes DFNS, a provider of non-custodial wallet infrastructure, Circle, the issuer of the USDC stablecoin, and Tether, the company behind USDT. DFNS allows users to control their own wallets without managing seed phrases, while Circle and Tether support stablecoin transfers and liquidity across different payment corridors.

Hesab currently operates in more than 160 countries and supports over 20 funding methods, including bank transfers, debit and credit cards, Apple Pay, and Google Pay. The company says the new infrastructure is intended to make international payments faster, cheaper, and more accessible for users in developing markets.

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