USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will be listed on Morph. USDC will be issued on Morph by a regulated entity affiliated with Circle, serving as a USD-denominated settlement asset within the network and providing a more consistent USD settlement basis for payment applications. CCTP will support USDC transfers between supported blockchains via burn-and-mint. This involves burning USDC on the source chain and natively minting it on the target chain, maintaining 1:1 supply consistency and standardized settlement behavior. Applications can choose between Standard Transfer or Fast Transfer modes as needed. Morph states that USDC and CCTP will support USD settlement and cross-chain fund transfers in scenarios such as crypto cards, cross-border remittances, payment gateways, and DeFi and trading, and will advance its payment settlement layer positioning in conjunction with Morph's $150 million Payment Accelerator program.