USDC and CCTP to Launch on Morph, Offering Cross-Chain USD Settlement and Payment Applications
According to official news reported by Odaily, USDC and Circle Cross-Chain Transfer Protocol (CCTP) will be launched 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 the transfer of USDC between supported blockchains through a burn-and-mint mechanism. USDC will be burned on the source chain and natively minted on the destination chain, thereby maintaining 1:1 supply consistency and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes as needed.
Morph stated that USDC and CCTP will support USD settlement and cross-chain fund scheduling in scenarios such as crypto cards, cross-border remittances, payment gateways, as well as DeFi and trading, and will jointly advance its positioning as a payment settlement layer together with Morph's 150 million USD Payment Accelerator program.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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