Morph Network to roll out USDC stablecoin and CCTP by Circle.
CCTP to move USDC using the burn-and-mint process.
USDC has a market cap of more than $75.27 billion.
Morph is bringing USDC stablecoin and the Cross-Chain Transfer Protocol (CCTP) by Circle to its native network. The objective is to expand the stablecoin settlement for an infrastructure that is focused on payments. A notable high of the integration is the utilization of the burn-and-mint model, eliminating bridge liquidity pools.
Morph, USDC, and CCTP By Circle
Morph Network is expanding by rolling out USDC and Circle’s CCTP. Once implemented, developers will no longer have to rely on managing bridge risk or fragmented liquidity. They will be able to simplify all dollar settlements via this integration. Access will likely be made available to select institutions, cross-border payment rails, and merchant platforms.
The CEO of Morph, Colin Goltra, said that the integration comes months after investing into t
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