5
Circle will launch $USDC and its Cross-Chain Transfer Protocol on Morph. The integration is focused on improving dollar settlement for payments, remittances and treasury operations.
$USDC will be issued on Morph by Circle’s regulated affiliates and will function as a native settlement asset. Applications will use a single canonical version of the stablecoin without relying on wrapped tokens or third-party bridges. Companies will also have access to Circle’s on- and off-ramp infrastructure.
CCTP will allow $USDC to move between supported blockchains through a burn-and-mint model. Tokens are burned on the source chain and minted natively on the destination network, keeping supply transparent and fully backed.
The integration is designed for card programs, remittance services, payment gateways and DeFi platforms, including connections to Bitget. In addition, Morph has introduced a $150 million Payment Accelerator to support teams building payment solutions on its network.
Image: Freepik
theblock.co
cointelegraph.com
coindesk.com