Morph Integrates USDC and CCTP for Stablecoin Settlement

TLDR

• Morph will support native USDC issued directly by Circle’s regulated entities on its network.
• Morph will integrate Circle’s Cross-Chain Transfer Protocol to enable burn-and-mint USDC transfers.
• The integration removes reliance on wrapped USDC versions created by third-party bridges.
• Circle’s CCTP V2 will serve as the standard for cross-chain USDC movement on Morph.
• Morph launched a $150 million Payment Accelerator to support on-chain payment companies.

Morph has moved to support USDC and Circle’s Cross-Chain Transfer Protocol on its network. The integration centers on standardized dollar settlement for on-chain payment systems. The network confirmed it will issue native USDC through Circle’s regulated entities.

Morph Advances Stablecoin Settlement With USDC and CCTP

Morph confirmed that it will support USDC issued directly by Circle affiliates. The network stated that developers will access the official version rather than the bridged copies. This structure keeps redemption aligned with Circle’s regulated reserve framework.

USDC remains a digital dollar backed by cash and cash-equivalent assets. Circle redeems USDC one-to-one for U.S. dollars under its reserve model. Morph said this approach removes uncertainty tied to wrapped stablecoin versions.

Circle’s Cross-Chain Transfer Protocol enables USDC transfers through a burn-and-mint process. The protocol burns tokens on the source chain and mints them on the destination chain. Circle said this model avoids liquidity pools and wrapped bridges.

Morph plans to integrate CCTP V2 as the standard cross-chain framework. Circle has aligned its ecosystem around this version. The companies stated that the integration keeps supply integrity consistent across supported networks.

Morph said the system allows teams to separate funding sources from settlement chains. Developers can move USDC to Morph without converting it into synthetic assets. The network confirmed that balances will remain native after transfer.

Payment Infrastructure Focus Expands Across Ecosystem

Morph launched a $150 million Payment Accelerator to support on-chain payment companies. The program offers funding, technical support, and distribution resources. The network said it targets high-volume settlement platforms.

The accelerator focuses on gateways, remittance providers, and card-linked services. Morph stated that payment firms require predictable settlement assets. The network positioned USDC as the default settlement token within this initiative.

Card and neobank-style platforms often manage assets across several chains. However, settlement layers require stable balances on a single network. Morph said CCTP allows direct USDC movement without wrapped conversions.

Remittance and payout providers have increased stablecoin usage for cross-border transfers. Circle has expanded partnerships across the financial ecosystem for this purpose. Morph stated that native issuance improves reconciliation and tracking.

Payment gateways require consistent asset behavior across chains. Wrapped tokens can introduce variations in redemption paths. Morph said the official USDC reduces discrepancies during settlement cycles.

DeFi applications within the ecosystem also rely on predictable collateral assets. USDC supports lending, routing, and liquidity operations across networks. Morph confirmed that CCTP maintains uniform supply accounting.

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