**[USDC and Circle CCTP to Launch on Morph, Offering Native USD Settlement and Standardized Cross-Chain Transfers]** Odaily Planet Daily reports that USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will be launched on Morph. USDC will be issued on Morph by Circle's regulated affiliate entities, serving as a USD-denominated settlement asset within the network and providing a more consistent USD settlement foundation for payment applications. CCTP will enable USDC transfers between supported blockchains through a burn-and-mint mechanism. This involves burning on the source chain and minting natively on the target chain, ensuring 1:1 supply consistency and standardized settlement behavior. Applications can choose between the Standard Transfer or Fast Transfer mode based on their needs. Morph stated that USDC and CCTP will support USD settlement and cross-chain fund allocation in scenarios such as crypto cards, cross-border remittances, payment gateways, DeFi, and trading. This initiative will align with Morph's $150 million Payment Accelerator Program to further its positioning as a payment settlement layer.