Morph blockchain network launches USDC and Circle Cross-Chain Transfer Protocol (CCTP), enabling cross-chain transfer of USDC while maintaining supply integrity. The protocol supports various payment scenarios and promotes the development of on-chain payment infrastructure.

USDC and the cross-chain transfer protocol CCTP are now live on the Ethereum L2 network Morph, supporting payments, remittances, and DeFi transactions. CCTP enables cross-chain transfer of USDC between Morph and other blockchains. The first batch of integrated partners includes a CEX, Bulba, and Stargate.

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.

Morph announces the launch of a $150 million payment accelerator program aimed at helping payment companies bring real-world real-time transactions onto the blockchain. Participants are required to demonstrate secure architecture and compliance capabilities, meeting KYC and anti-money laundering standards.