Now Available: USDC and CCTP on Morph
Blog post from Circle
Circle Internet Financial has announced that USDC, the world's largest regulated stablecoin, and the Cross-Chain Transfer Protocol (CCTP) are now live on Morph, a layer-2 blockchain built on Ethereum. This development enhances Morph's capability as a payments-focused settlement layer, facilitating stablecoin settlements, cross-border transfers, and enterprise-grade scalability for various applications, including DeFi and remittances. USDC on Morph offers a regulated digital dollar that is redeemable 1:1 for US dollars, providing institutional-grade settlement and new opportunities for DeFi activities. CCTP allows for seamless and secure movement of USDC across supported blockchains, enabling developers to integrate crosschain onboarding and payments into their applications. The integration aims to reduce friction in digital transactions and enhance liquidity management, with USDC positioned as a core asset within the Morph ecosystem. Circle's initiative underscores its commitment to transforming financial systems by making money movement more accessible and efficient worldwide.