USDC and Circle's Cross-Chain Transfer Protocol (CCTP) are set to launch on the Morph network, enhancing cross-chain USD settlement and payment capabilities. Circle's regulated affiliates will issue USDC on Morph, providing a stable dollar-denominated settlement asset. CCTP will facilitate USDC transfers between supported blockchains using a burn-and-mint mechanism, ensuring a 1:1 supply consistency. Morph aims to leverage USDC and CCTP for various applications, including crypto cards, cross-border remittances, and DeFi trading. This initiative will operate alongside Morph's $150 million Payment Accelerator program, reinforcing its role as a key payment settlement layer.