Odaily Planet Daily reports that, according to official announcements, USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) will launch on Morph. USDC will be issued on Morph by Circle’s regulated affiliates to serve as a dollar-denominated settlement asset within the network and provide a more consistent dollar settlement foundation for payment applications.
CCTP will enable USDC to be transferred between supported blockchains via a burn-and-mint mechanism. USDC will be burned on the source chain and natively minted on the target chain, maintaining a 1:1 supply consistency and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer mode as needed.
Morph stated that USDC and CCTP will enable USD settlement and cross-chain fund orchestration in use cases such as crypto cards, cross-border remittances, payment gateways, DeFi, and trading, and will work alongside Morph’s $150 million Payment Accelerator program to advance its position as a payment settlement layer.