Summary
Hesab has chosen Movement as the exclusive stablecoin settlement layer for its new Global Self-Custody Bank, targeting users in 160+ countries with a focus on emerging markets. Hesab processes $160M across 1M+ transactions monthly and accepts funding from 20+ channels. Movement provides stablecoin settlement and yield infrastructure with regulated fiat on/off ramps in the US, Canada, and EU. DFNS provides programmable wallet infrastructure, Circle's CCTP moves native USDC across blockchains, and Tether supplies USDT liquidity. Hesab is the first major platform to build on Movement's infrastructure.
Key Facts
- Hesab targets 1.4B unbanked adults globally
- $160M monthly transaction volume, 1M+ transactions
- 20+ funding channels: bank transfers, debit/credit cards, ApplePay, GooglePay
- Movement provides regulated fiat on/off ramps in US, Canada, EU
- DFNS: programmable wallet infrastructure for non-custodial wallets at scale
- Circle CCTP: cross-chain USDC movement
- Tether: USDT liquidity in preferred corridors
- Focus on Africa and Middle East
Why It Matters
Hesab's self-custody bank model addresses the 1.4B unbanked population by combining stablecoin settlement with regulated fiat access. The multi-stablecoin approach (USDC + USDT) and Movement's regulated infrastructure create a compliant bridge between crypto rails and traditional banking for underserved markets.