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Morph Integrates Circle’s USDC and CCTP to Expand Payment Capabilities

Morph will introduce USDC issuance and Circle’s CCTP with a $150 million Payment Accelerator program to boost cross-chain settlement speed, liquidity, and interoperability.

USDC

Summary

Morph announced the launch of USDC, issued by Circle’s regulated affiliate, as a USD settlement asset on its network, alongside integration of Circle’s Cross-Chain Transfer Protocol (CCTP). Backed by a $150 million Payment Accelerator plan, the initiative will enable efficient cross-chain USDC transfers using CCTP’s burn-and-mint system, with both Standard and Fast Transfer modes. The CCTP mechanism ensures a 1:1 supply of USDC across supported chains, enhancing liquidity and simplifying decentralized payments.

Terms & Concepts
  • USDC (USD Coin): A stablecoin issued by Circle and fully backed by U.S. dollar reserves, enabling low-volatility crypto transactions.
  • CCTP (Cross-Chain Transfer Protocol): A protocol developed by Circle that allows stablecoin transfers between different blockchains without using intermediaries.
  • Morph: A blockchain network focused on integrating scalable Web3 payment solutions and interoperability features.