USDC and Circle CCTP will go live on Morph, offering native USD settlement and standardized cross-chain transfers

SmartContractAuditor · 2026-02-27T02:45:32+00:00

USDC will be launched on Morph via Circle's CCTP as a USD-denominated settlement asset. CCTP supports USDC transfers across blockchains, ensuring 1:1 supply consistency, and is suitable for scenarios such as payments and cross-border remittances, helping to develop Morph's payment and settlement capabilities.

SmartContractAuditor

2026-02-27 02:45:32

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Odaily Planet Daily reports that USDC and Circle Cross-Chain Transfer Protocol (CCTP) will launch on Morph. USDC will be issued on Morph by Circle’s regulated affiliated entity, serving as a USD-denominated settlement asset within the network and providing a more consistent USD settlement foundation for payment applications.

CCTP will support USDC transfers between supported blockchains through burn-and-mint methods. Tokens are burned on the source chain and re-minted on the target chain, maintaining a 1:1 supply ratio and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes based on their needs.

Morph states that USDC and CCTP will support USD settlement and cross-chain fund transfer in scenarios such as crypto cards, cross-border remittances, payment gateways, DeFi, and trading. They will also work together with Morph’s $150 million Payment Accelerator program to advance its position as a payment settlement layer.

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