Morph Partners with Circle to Enhance Dollar Settlement Capabilities

Morph, a blockchain-based payment network, has announced a significant partnership with Circle to integrate USDC and its Cross-Chain Transfer Protocol (CCTP). The integration is designed to improve dollar settlement for various use cases, including payments, remittances, and treasury operations. This collaboration will enable companies to utilize $USDC as a native settlement asset on Morph's network.

The integration of CCTP will allow $USDC to move between supported blockchains through a burn-and-mint model, ensuring transparency and full backing of the tokens. This feature will be particularly beneficial for card programs, remittance services, payment gateways, and DeFi platforms. In addition, Morph has introduced a $150 million Payment Accelerator to support teams building payment solutions on its network.