ChainCatcher news, according to Flipside data, in the past two weeks, the native stablecoin WEUSD of the Movement public chain has seen active interactions, with over 10% of on-chain addresses participating in Mint, and the total transaction volume exceeding $2.5 million.The Movement public chain aims to bridge the Move and EVM ecosystems. Its native protocol PicWe serves as an on-chain liquidity infrastructure, dedicated to building a liquidity port that connects the Move and Ethereum ecosystems.It is reported that WEUSD is a decentralized full-chain settlement layer stablecoin launched by PicWe, which is a core component of its liquidity settlement system. Unlike traditional cross-chain bridges, PicWe's goal is to reconstruct cross-chain logic and build a "full-chain" liquidity system covering multiple ecosystems, enhancing the usability and liquidity of Move assets in a multi-chain environment.

ChainCatcher message, Movement announces that the DeFi protocol Frax Finance plans to natively deploy on the Movement blockchain today. As a key part of this plan, Frax commits to rewriting its entire Solidity codebase in the Move language.Frax will introduce at least four new assets on Movement: Frax stablecoin, sFrax (staked Frax), frxETH (a liquid staking token pegged 1:1 with ETH), and FXS (the staking and governance token of the Frax ecosystem). Frax will also deploy Fraxlend, Frax CDP, and its staking contracts on Movement.Both parties will work together to provide $10 million in protocol liquidity and offer incentives for existing Frax users to cross-chain to Movement. Frax plans to complete the deployment on the first day of the Movement mainnet launch.