Latest news with #CFX
Associated Press
30-07-2025
- Business
- Associated Press
CFX Launches GENIUS-Ready Stablecoin MoveUSD on Ethereum and Base with Wormhole
With Wormhole-powered multichain support, MOVEUSD unlocks access to U.S. banking services, onchain settlement, and treasury tools to builders and businesses worldwide CHICAGO - July 30, 2025 - CFX, a U.S.-regulated fintech company and the issuer of the MOVEUSD stablecoin, today announced the expansion of MUSD to Ethereum and Base with Wormhole NTT, enabling native, multichain U.S. Dollar settlement for global platforms and businesses. Built in alignment with the recently enacted GENIUS Act, MoveUSD is the first GENIUS-ready stablecoin to offer compliant, programmable liquidity across the two largest EVM ecosystems. MOVEUSD is redeemable 1:1 against U.S. Dollar reserves held at regulated U.S. financial institutions, acting as a settlement instrument between USDC/USDT/USD and operates within CFX's multi-bank settlement network. Through its integration with Wormhole's Native Token Transfers (NTT) standard, MOVEUSD now moves seamlessly across chains using a burn-and-mint model-without wrappers, synthetic assets, or liquidity fragmentation. 'The GENIUS Act has codified what a U.S. stablecoin must be. MOVEUSD is already there,' said Nick 'Chicago', CEO & Co-Founder of CFX. 'Paired with our crypto-enabled banking platform MOVEUSD is now accessible from 180 countries-and built to meet the unique needs of businesses leveraging stablecoins in their operations. Ethereum and Base are a natural extension to our existing Solana offering.' MOVEUSD is built for the Global Main Street-serving non-U.S. fintechs, digital banks, Web3 platforms, and global businesses excluded from U.S. commercial banking. The stablecoin complements traditional Wall Street-issued RWAs by serving real-world operational needs that are too global, too dynamic, or too underbanked for legacy capital markets. MOVEUSD bridges regulated off-chain infrastructure with programmable onchain liquidity under a unified, scalable network. Through the MoveUSD stablecoin and platform, CFX provides: • U.S. commercial accounts and regulatory compliance • Support for native USDC and USDT settlement • ACH, Fedwire, and SWIFT transfer capabilities • U.S. retail cash deposit access across 80,000+ locations • Access to U.S. Treasury Bills and on-chain private credit programs 'MOVEUSD was designed not just to comply with the GENIUS Act-but to enable what comes next,' added Nick. 'We're building the infrastructure for cross-border treasuries, payments, and global dollar settlement in a programmable, regulatory-aligned way.' MOVEUSD is now natively deployed on Ethereum and Base using Wormhole's NTT standard, which provides secure, non-wrapped cross-chain token transfers. The Wormhole integration allows CFX to maintain full control of token contracts while enabling multichain liquidity and composability. Robinson Burkey, Chief Commercial Officer at Wormhole Foundation, commented: 'CFX is helping define what the next generation of stablecoin infrastructure looks like-compliant, bank-integrated, and multichain-native. We're proud to support CFX as they bring GENIUS-ready infrastructure to the ecosystem and expand access to regulated U.S. Dollar rails for builders and platforms around the world.' MOVEUSD joins other leading stablecoins using Wormhole's NTT standard, including Sky's USDS, Agora's AUSD, and Transfero's BRZ. Wormhole has facilitated over $60 billion in cross-chain transfers and connects to more than 40 blockchain networks. ⸻ About CFX CFX is a U.S.-regulated financial technology company headquartered in Chicago. It operates the MoveUSD Network and issues MOVEUSD, a GENIUS-ready, fully reserved stablecoin designed to connect compliant U.S. financial infrastructure with global onchain ecosystems. CFX enables crypto-native platforms, fintechs, and enterprises to access digital dollar infrastructure, fiat rails, and programmable settlement tools. Learn more at About Wormhole Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers, institutions, and users seamless connectivity between over 40 leading blockchain networks. The wider Wormhole network is trusted and used by teams like BlackRock, Apollo Global, VanEck, Google Cloud, Circle and Uniswap. To date, the platform has enabled over $60 billion in cross-chain volume, the most of any protocol in the world. Learn more at ⸻ Media Contact: [email protected][email protected]
Yahoo
23-07-2025
- Business
- Yahoo
Kearney's 2025 Circular Fashion Index reveals unmet scaling potential
The Circular Fashion Index Report (CFX 2025), now in its fifth year, provides an extensive analysis of the industry's progress in adopting circular practices. It encompasses 246 apparel brands from 18 countries, covering five key product categories namely fashion, footwear, sports, outdoor and underwear and lingerie. The report measures brand performance across seven dimensions that span the entire lifecycle of a product and beyond. Kearney Americas fashion and luxury lead and co-author of the report Nora Kleinewillinghoefer said: "While our top-ranking companies continued to pull ahead, the majority of brands find themselves stuck between ambition and execution, making progress in some facets, but not transforming themselves across all dimensions in an integrated way. "For most companies we researched, circularity efforts are too often siloed in sustainability departments, rather than being embedded into product development, sourcing, supply chain, and commercial operations." Key findings of CFX 2025 Over 70% of brands score in the "moderate" range across the CFX dimensions, indicating that circularity is becoming a standard part of their strategic commitments and initial programmes. Only 3 to 5% of brands demonstrate "extensive" implementation levels, highlighting a major conversion gap in scaling up these practices. Europe and North America are at the forefront with average scores of 3.6 and 3.4 respectively. Driven by improvements in several markets, Europe has seen a substantial increase since 2024. It is also influenced by a stricter regulatory environment that includes incentives for repair, extended producer responsibility schemes, and upcoming eco-design requirements. Kearney's industrial redesign practice, PERLab partner and Americas lead Namrata Shah said: "Even in the strongest-growing areas, progress in the adoption of circular design principles and raw material reuse was mostly limited to shifts from 'limited' to 'moderate' maturity. What's needed now is a strategic reframing and circularity must be treated as a lever for growth, not just a compliance exercise. This means embedding it into how brands design, source, sell, and service their products." Commenting on the analysis, Kearney partner Dario Minutella said 'execution gaps' stem from the absence of critical enablers that include scalable infrastructure, integrated systems, cross-functional ownership, and business models that are financially sustainable. 'The message in this research is clear: while directionally correct, the industry's pace must now shift gears. As regulation moves from policy to enforcement, incremental gains are no longer sufficient. Brands need to move from declaring ambition to delivering evidence, systematically, and at scale," Minutella added. "Kearney's 2025 Circular Fashion Index reveals unmet scaling potential" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fibre2Fashion
18-07-2025
- Business
- Fibre2Fashion
Circularity scores rising, but YoY progress slowing: Kearney CFX 2025
Rather than pacing ahead, overall progress related to circularity in brands covering the fashion, sports, outdoor, underwear and lingerie, and footwear categories appears to be leveling off, perhaps hinting at a maturing market that is finding it harder to unlock full-stage impact, according to the fifth edition of Kearney's Circular Fashion Index (CFX 2025) report. The CFX evaluates performance across seven dimensions that together reflect a product's full life cycle. The survey covered 246 brands across 18 countries. While many brands have committed to circularity, few have translated intent into consistent, scaled execution. Rather than pacing ahead, overall progress related to circularity in fashion, sports, outdoor, underwear and lingerie, and footwear brands seems to be leveling off, the fifth edition of Kearney's Circular Fashion Index said. While many brands have committed to circularity, few have translated intent into consistent, scaled execution. The leap from moderate engagement to scaled circularity is rare. More than 70 per cent of brands now fall into the 'moderate' zone—scoring between three and seven points across the seven CFX dimensions—a signal circularity has entered the mainstream with most brands committing to it strategically and beginning to implement relevant programmes. However, only 3 to 5 per cent of brands reached the 'extensive' implementation level (more than 7 points), underscoring a significant conversion gap. The leap from moderate engagement to scaled circularity remains rare, a research report from the company noted. Even in the strongest-growing areas—adoption of circular design principles and raw material reuse—progress was mostly limited to shifts from 'limited' to 'moderate' maturity. The past 12 months reflected continued positive, if unequal, movement. While overall progress was made, i.e., average and median scores went up, not all brands or categories improved equally. Both the average and median scores increased by 0.20 points, reaching 3.40 and 3.20 respectively. While, on one hand, this is a signal of sustained momentum, it is also slightly below the rate of improvement seen last year. Over the past five years, average scores have risen by 1.4 points, and median scores by 1.6 points. The bottom 80 per cent of brands actually remained constant in 2025, suggesting the mid-tier is struggling to keep pace. Meanwhile, only five brands scored above 7.0, and fewer than a fifth exceeded the 5.0 mark—despite this group nearly doubling since last year. This growing divide is also visible at the top. The top 10 list has remained largely unchanged for the third year in a row, with only two new brands entering the list: Arc'teryx and Decathlon, a research report from the global management consulting firm headquartered in Chicago said. This pattern suggests that strong performers are continuing to pull ahead, while the broader market remains locked in a state of 'moderate' maturity. Today, most brands find themselves stuck between ambition and execution, progressing, but not fully transforming. Most of the low-hanging fruit has been picked: basic circularity initiatives, awareness campaigns, capsule collections, or localised take-back programmes. But the transition from piloting to full-scale circularity execution often lags, the research found. Circularity efforts too often still remain siloed in sustainability departments rather than being embedded into product development, sourcing, supply chain and commercial operations, it noted. 'While directionally correct, the industry's pace must now shift gears. With regulation moving from policy to enforcement, incremental gains will no longer suffice. Brands must evolve from declaring ambition to delivering evidence—systematically, and at scale. And that starts by fully engaging across all seven dimensions,' the company's research report said. The Research found frontrunners are starting to shift from symbolic gestures to systemic change. Much of the past year's CFX growth stemmed from two key dimensions: circular design and closing the loop initiatives. Developments reflect two complementary paths: one focuses on system-level design transformation and the other on high-visibility product innovation. But both are essential to move from pilot thinking to platform building and ultimately toward embedded, scalable circular design, the report added. Fibre2Fashion News Desk (DS)
Yahoo
06-07-2025
- Business
- Yahoo
This Florida woman may lose her 1800s house so the state can build a highway using eminent domain. Here's how
A 19th century home in Sanford, Florida that survived hurricanes and a nearly two-mile move to its current spot may soon be bulldozed to make room for a highway. I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Officials from the Central Florida Expressway Authority (CFX) are planning to build a two-lane road designed to relieve traffic congestion in Seminole County by connecting State Road 417 and the Orlando Sanford International Airport. But according to news reports from the Tampa Bay Times and WESH 2, the preferred route, known as Alignment 2A, runs straight through the 10-acre property where Becky Burke's home sits — an 1800s-era two-story house that has already been relocated once to escape demolition. A map revealed the road would be 'going through my dining room,' she said. If the plans move forward, the state is expected to use eminent domain to seize the land. But Burke, whose husband Ken passed away in August, may not have the strength to relocate the home all over again. She told WESH 2 it will depend on how much money she's given and how much land the government takes. "I love it out here," she said. "Knowing it was Ken's family, his history, his grandfather passed away here, he passed away here, so there's so much emotion that goes into that piece of what I'm facing." The couple moved the house in 2003 after the original land it sat on was sold to developers. Relocating the structure was no small feat — it took from July to November to complete, just in time for Thanksgiving. "That was quite a feat,' Burke told WESH 2. 'I think I wired every outlet in the house.' That effort preserved more than a structure; it preserved a family's history. "If the legacy ends with me, that's fine, I'm OK with that," she said. "But the emotional loss, it's like, one more thing. One more thing to break my heart, one more thing to make me just feel a little overwhelmed and sad." The new roughly two-mile road has a tentative budget of $200 million. The CFX says it will reduce the number of cars per day on Lake Mary Boulevard by nearly half by 2050. "For those of you who travel in and out of our amazing airport, you know the traffic backs up over there," said Rebekah Arthur, president of the Seminole County Chamber, according to WESH 2. "So this connector is going to be a very needed extension to our airport and will help people come in and out, especially as our sports tourism grows." Read more: No millions? No problem. With as little as $10, here's of diversified assets usually only available to major players According to the Tampa Bay Times, the CFX estimates it will spend $18.3 million for the acquisition of properties along the right-of-way. Eminent domain is a legal process that allows governments to take private property for public use, such as highways or bridges, provided the owner is given 'just compensation.' But just because it's legal doesn't mean it always feels fair. Owners like Burke should expect to be paid market value for their homes, but that may not always cover the full cost of relocation or compensate for the emotional stress. In Florida, property owners have the right to challenge eminent domain in court. They can: Dispute the taking itself: This is an option if property owners believe the land isn't truly needed for a public project. Challenge the compensation amount: If the offered payment doesn't reflect the property's fair market value, owners can argue for a higher fee. Negotiate relocation: Owners can argue that relocation benefits offered are not sufficient. Partial takings: When only part of a property is taken, owners can argue that the impact on the remaining property is not being fairly compensated. If you live or own property in the area, there are steps you can take to have your voice heard. The CFX will hold two public meetings in July where residents can ask questions and voice concerns about the project. Attending those meetings is one of the best ways for impacted homeowners to stay informed, get involved, and advocate for better outcomes — whether that means alternate routes or help preserving historic properties. The Tampa Bay Times says the CFX's governing board — made up of elected officials from the Central Florida region — will then review the project at its October public meeting. As for Burke, the future remains uncertain. 'I'm always the one that's trying to encourage other people and love on them and care for them,' she said. 'And now, I'm in this place where I don't know where God is leading me.' This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Money doesn't have to be complicated — sign up for the free Moneywise newsletter for actionable finance tips and news you can use. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
21-06-2025
- Automotive
- Yahoo
Drivers in Central Florida can video chat with FHP after minor crashes
Drivers involved in minor crashes on some Central Florida highways can now video chat with a Florida Highway Patrol trooper, resolving their collision issues faster than if they waited for police to show up at the scene. The Desk Trooper Program allows drivers to work remotely with an FHP trooper if they get into a minor crash on Central Florida Expressway Authority's 125 miles of tolled roads. That includes state roads 408 and 417. The pilot program, which began in October, is the first of its kind in the nation, according to CFX and FHP. The program is a partnership between the two agencies and an effort to clear crash investigations more quickly in a region with clogged roads, a ballooning population and often-long wait times after minor accidents. 'With a high call volume and with a limited number of troopers, those two combined resulted in high response times,' said Major Connor Cardwell, FHP communications commander in a podcast interview with the American Association of Motor Vehicle Administrators, explaining the impetus for the new program. 'Unfortunately some individuals have waited an hour or more.' FHP prioritizes where to send troopers based on the severity of the crash, so minor ones are last in line for the 1,982 sworn officers who police over 43.2 million highway roads statewide. Since it began, the desk trooper program has been used in 41% of all minor crashes on CFX roads. The program has been funded by CFX and FHP, but the two agencies hope the Florida Legislature will provide money to expand it statewide in coming years. This month, FHP made the program available in a dozen other counties from the Panhandle to South Florida, among them Brevard and Marion, FHP Lieutenant Colonel Mark Brown said at last week's CFX meeting. 'We believe the program works and has a value to the state,' Brown said. 'Our goal is to make this a mainstream option in the future for investigating minor traffic crashes across the state.' So far this year FHP has responded to more than 43,000 crashes statewide, most of them minor, data from the Florida Department of Transportation shows. In Central Florida, there have been slightly more than 18,000 crashes from January to June, data from FHP shows. Most of those crashes — more than 10,700 — were in Orange County while there were roughly 2,000 in each of Seminole, Osceola and Lake counties so far this year. 'We've certainly had a challenge in Orange County with timing of response so this is a very welcome addition,' said Christine Moore, an Orange County commissioner who also sits on the CFX board. To use the program, drivers can dial *347 (*FHP) to connect to a dispatcher who assesses if the crash is minor and eligible for a desk trooper. FHP defines minor crashes as those that do not involve injuries, require towing, block lanes or suggest criminal violations. Commercial motor vehicles are not eligible, and both parties involved in the collision must agree to use the program. If a crash is eligible, the dispatcher texts a link to the driver that allows them to chat with an FHP trooper, who could be located anywhere in the state. Troopers review the crash scene via camera, interview witnesses and complete a crash report virtually. Drivers do not need to install an app on their phones to take part. Most people who have used the program respond positively on FHP surveys, Brown said. On Facebook, one user wrote on a CFX post about the program that he wished he'd used it. 'I should have called you guys when a woman in the left lane of US 92 in Plant City swerved into my lane (right hand) and ran me off the curb and still sideswiped my van,' the user wrote. Instead, the driver called the police 'and waited over an hour and half.'
