USDC and CCTP Are Coming to Morph, Advancing Settlement for Payments
Morph is integrating USDC and Circle's CCTP to enhance payment settlement and cross-chain compatibility within its infrastructure.Summary
Morph is set to launch support for USDC and Circle's Cross-Chain Transfer Protocol (CCTP), aiming to improve settlement for payments, remittances, and treasury operations. USDC will be issued on Morph by Circle’s affiliates, providing a consistent and transparent foundation for dollar-denominated activity, simplifying dollar settlement for developers and institutions. CCTP will enable secure and efficient cross-chain transfers of USDC through a burn-and-mint mechanism, maintaining supply integrity.
This integration will support various use cases, including crypto cards, neobanks, cross-border remittances, payment gateways, and DeFi applications. Specifically, it will allow card programs to settle balances in USDC, remittance platforms to benefit from faster transfers, and checkout providers to simplify reconciliation. Furthermore, Morph has launched a $150 million Payment Accelerator to support teams building payment flows on-chain.
Ultimately, Morph aims to position itself as a key settlement layer for digital dollars, leveraging USDC, CCTP, and its ecosystem support to facilitate real financial activity at an institutional scale, connecting over 120 million users through the Bitget and Bitget Wallet ecosystems.
(Source：The Daily Hodl)