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4w ago

Morph to Launch Canonical USDC With Circle’s CCTP, Unveils $150 Million Payments Accelerator

Circle’s affiliates will issue USDC natively on the Ethereum-based Morph network to enable burn-and-mint transfers via CCTP.

Morph integrates circle’s usdc and cctp for payment infrastructure

Overview

  • Morph and Circle announced that USDC and Circle’s Cross-Chain Transfer Protocol will launch on Morph with standardized cross-chain settlement.
  • USDC on Morph will be issued by Circle’s regulated affiliates as the canonical version, providing uniform behavior and clear on-chain provenance.
  • CCTP will move USDC between chains through a burn-and-mint process with Standard or Fast Transfer options, preserving supply integrity.
  • The integration removes reliance on wrapped USDC from third-party bridges, with Morph aligning on CCTP V2 as its cross-chain standard.
  • Morph introduced a $150 million Payment Accelerator to fund and support teams building payment, remittance, gateway, card, DeFi and trading use cases, with the publisher noting the content is sponsored.