Torab: Move Industries is not affiliated with Movement Labs and is discussing the application of stablecoins with the Central Bank of Ethiopia

Move Industries CEO Torab stated on the X platform that Move Industries is a developer team within the Movement ecosystem and has no connection with Movement Labs, which has filed for bankruptcy, nor is it involved in the bankruptcy case. Torab revealed that Move Industries owns a licensed, launched stablecoin payment channel, and recently held discussions with the Central Bank of Ethiopia regarding the adoption of stablecoins.