Stablecoins are increasingly becoming the preferred method for digital business payments, and Circle's USDC circulation is also growing rapidly. Morph plans to support USDC directly issued by regulated entities of Circle on its network, as well as Circle's cross-chain transfer protocol (CCTP). CCTP V2 adopts a burn and mint model, allowing USDC to be transferred across chains without wrapping tokens, thereby simplifying multi-chain financing and settlement for payment products, and ensuring transaction predictability and reliability.
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Stablecoins are increasingly becoming the preferred method for digital business payments, and Circle's USDC circulation is also growing rapidly. Morph plans to support USDC directly issued by regulated entities of Circle on its network, as well as Circle's cross-chain transfer protocol (CCTP). CCTP V2 adopts a burn and mint model, allowing USDC to be transferred across chains without wrapping tokens, thereby simplifying multi-chain financing and settlement for payment products, and ensuring transaction predictability and reliability.