TechFlow reports that, on February 26, 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 affiliated entities, serving as the network’s dollar-denominated settlement asset and providing a more consistent foundation for dollar-based settlements in payment applications.
CCTP will support transferring USDC between supported blockchains via a burn-and-mint mechanism—burning USDC on the source chain and natively minting it on the destination chain—to maintain 1:1 supply consistency and standardized settlement behavior. Applications may choose either Standard Transfer or Fast Transfer mode based on their needs.
Morph states that USDC and CCTP will enable dollar-based settlement and cross-chain fund orchestration across use cases including crypto cards, cross-border remittances, payment gateways, DeFi, and trading, and will work in tandem with Morph’s $150 million Payment Accelerator program to advance its positioning as a payments and settlement layer.
