Circle announced the integration of its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) with the Morph network. USDC will be issued natively on Morph to serve as a canonical settlement asset for payments and treasury operations. The CCTP integration will allow USDC to be securely transferred between Morph and other supported blockchains using a burn-and-mint process.
Circle’s regulated affiliates will issue USDC natively on the Ethereum-based payments network Morph. This establishes a consistent, dollar-denominated settlement asset for applications built on the network, eliminating bridge risk for developers.
Circle’s Cross-Chain Transfer Protocol (CCTP) will also launch on Morph to facilitate secure cross-chain USDC transfers. It uses a burn-and-mint process where USDC is destroyed on the source chain and minted anew on Morph, preserving the asset’s full backing.
The integration is designed to support institutional-scale payment use cases like crypto card programs, neobanks, and cross-border money movement platforms. These applications can settle balances in USDC while enabling users to fund accounts from various blockchains.
“Morph has spent the last several months meaningfully investing in our network’s core offering. As we have engaged with global leaders in the payment space, it’s clear that they need a widely-used, dollar-denominated stablecoin to meet their needs,” said Colin Goltra, CEO of Morph. He stated that bringing USDC to Morph was a clear strategic choice.
To further encourage development, Morph has launched a $150 million Payment Accelerator program. This initiative provides funding and technical support for teams building on-chain payment flows.
The network, guided by the Morph Foundation, connects over 120 million users through the Bitget and Bitget Wallet ecosystems. It is positioning itself as a settlement layer for real-world financial activity across payments, savings, and identity.
