USDC and Circle's Cross-Chain Transfer Protocol (CCTP) have been launched on Morph. USDC, a USD-denominated settlement asset on the Morph network, is now issued on Morph by a regulated affiliate of Circle. CCTP supports 1:1 cross-chain transfers of USDC between Morph and other supporting blockchains, meaning it is burned on the source chain and natively minted on the target chain, thus maintaining supply integrity. Developers can choose between standard transfer and fast transfer modes based on security and timeliness requirements. Morph states that USDC and CCTP will support USD settlement needs in scenarios such as cross-border remittances, crypto payment cards, payment gateways, and DeFi and trading, further promoting the development of on-chain payment infrastructure.