Hesab Selects Movement as Exclusive Stablecoin Settlement Layer for Its Global Self-Custody Bank

SAN FRANCISCO, July 8 (Bernama) -- Hesab, the global digital payments platform, today announced the company 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. Roughly 1.4 billion adults are unbanked, and hundreds of millions more rely on accounts they don't fully control, exposed to inflation, currency controls, and frozen deposits. 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. That regulated footprint is what separates it from networks that can move stablecoins but cannot touch compliant fiat on and off ramps. 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.