Gate News, March 12 — Morph blockchain network launches USDC and Circle Cross-Chain Transfer Protocol (CCTP). USDC, as the dollar-denominated settlement asset within the Morph network, is now issued on Morph by Circle’s regulated affiliated institution. CCTP supports 1:1 cross-chain transfer of USDC between Morph and other supported blockchains, meaning it is burned on the source chain and minted natively on the destination chain to maintain supply integrity. Developers can choose between standard transfer and fast transfer modes based on security and timeliness needs. Morph states that USDC and CCTP will support dollar settlement needs in scenarios such as cross-border remittances, crypto payment cards, payment gateways, DeFi, and trading, further promoting the development of on-chain payment infrastructure.
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