According to Odaily Odaily, USDC and Circle Cross-Chain Transfer Protocol (CCTP) will be listed on Morph. USDC will be issued on Morph by a regulated affiliate of Circle and will serve as a USD-denominated settlement asset within the network, providing a more consistent USD settlement basis for payment applications.
CCTP will support the transfer of USDC between supported blockchains via burn-and-mint. USDC is burned on the source chain and natively minted on the target chain, 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 USD settlement and cross-chain fund transfers in scenarios such as crypto cards, cross-border remittances, payment gateways, and DeFi and trading, and will work with Morph's $150 million Payment Accelerator program to advance its position as a payment settlement layer.
