USDC and CCTP to Launch on Morph, Enabling Cross-Chain Dollar Settlement and Payment Applications

According to official news, USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will launch on Morph. USDC will be issued on Morph by Circle's regulated affiliated entities to serve as the network's dollar-denominated settlement asset and provide a more consistent dollar settlement foundation for payment applications.

CCTP will support the transfer of USDC between supported blockchains via a burn-and-mint mechanism. It is burned on the source chain and natively minted on the destination chain, thereby maintaining 1:1 supply consistency and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes as needed.

Morph stated that USDC and CCTP will support dollar settlement and cross-chain fund routing in scenarios such as crypto cards, cross-border remittances, payment gateways, as well as DeFi and trading. This will work in conjunction with Morph's $150 million Payment Accelerator program to advance its positioning as a payment settlement layer.