USDC and CCTP are coming soon to Morph. Learn what this means for the ecosystem.
We’re excited to announce that USDC and Circle CCTP are coming soon to Morph.
Morph is a payments-first settlement layer built on Ethereum, designed to support digital payments and financial applications. It is intended to make onchain activity more practical for everyday use, including the movement of stablecoins, in a way that aims to be accessible for users, developers, and businesses building consumer-facing financial products.
With the upcoming launch of USDC and CCTP on Morph, the network will gain access to the world’s largest regulated1 stablecoin, and secure crosschain transfers powered by CCTP. This launch will unlock powerful new use cases for institutions, developers, traders, and users across the Morph ecosystem.
Benefits of USDC and CCTP on Morph
USDC on Morph is designed to provide a trusted digital dollar that can be used across payments, financial applications, and other onchain activity. USDC on Morph offers benefits like:
- Access to a regulated,1 fully reserved stablecoin redeemable 1:1 for US dollars2
- Institutional on/offramps like Circle Mint3 for eligible users
- Easy integration into Morph apps
Meanwhile, CCTP is intended to make it easier to move USDC across supported blockchains without relying on traditional wrapped assets. CCTP on Morph enables users to:
- Move USDC seamlessly and securely between Morph and other supported blockchains
- Choose between Standard Transfer and Fast Transfer according to their needs
- Build apps that support seamless crosschain onboarding, swaps, payments, and automated treasury rebalancing
Key use cases for USDC on Morph
USDC is intended to serve as a core asset for payments across the Morph ecosystem. One key area is payments and remittances, where stablecoins like USDC can be used for cross-border transfers, payroll distributions, and everyday transactions. Morph aims to support B2B and merchant payments through integrations with payment-focused applications, helping businesses and users move value more efficiently using a dollar-denominated digital asset.
USDC is also designed to support DeFi activity on Morph, where it can serve as a common settlement and trading asset. Within the existing ecosystem, USDC may be used across trading and lending applications, including those connected to centralized exchange partners such as Bitget. By providing a familiar and widely used stablecoin, USDC is intended to make it easier for users to trade assets, manage positions, and move liquidity between DeFi and exchange-based environments.
To support teams bringing payment flows onchain, Morph has launched the $150 million Payment Accelerator, providing funding, technical support, and resources for companies focused on crypto cards, cross-border remittances, and payment gateways.
USDC issued by Circle1
Token Name: USDC
Token Symbol: USDC
Mainnet Address: Coming Soon
Testnet Address: 0x7433b41C6c5e1d58D4Da99483609520255ab661B
Starting today, developers can start to experiment with fund flows on Morph by getting free testnet USDC from Circle’s Faucet.
Stay tuned for launch
This upcoming launch marks an important step for the Morph ecosystem, and we look forward to sharing more details as it approaches. Join the conversation on Discord if you’d like to learn more or connect with the team.
1 USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
2 Circle Mint customers are able to redeem USDC directly from Circle. In addition, Circle will redeem all USDC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.
3 Circle Mint and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here. Circle Mint is currently available only to institutions and is not available to individuals.
