Svmuu News: According to official reports, USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will be launched on Morph. USDC will be issued on Morph by a regulated affiliate of Circle to serve as a U.S. dollar-denominated settlement asset within the network and provide a more consistent U.S. dollar settlement foundation for payment applications.CCTP will support the transfer of USDC between supported blockchains via a "burn-and-mint" mechanism. Tokens are burned on the source chain and minted natively on the target chain, thereby maintaining a 1:1 supply consistency and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes as needed.Morph stated that USDC and CCTP will support USD settlement and cross-chain fund transfers in scenarios such as crypto cards, cross-border remittances, payment gateways, DeFi, and trading. Together with Morph’s $150 million Payment Accelerator program, this initiative will advance its positioning as a payment and settlement layer.