Circle will launch $USDC its own protocol Cross-Chain Transfer Protocol (CCTP) on Morph. The integration aims to improve dollar settlements for payments, remittances, and treasury operations.$USDC It will be issued on the Morph network by regulated affiliated entities of Circle and will function as a native settlement asset. Applications will be able to use a single canonical version of the stablecoin without the need for wrapped tokens or third-party bridges. Companies will also gain access to Circle's infrastructure for depositing and withdrawing funds. CCTP will enable the transfer of $USDC assets between supported blockchains using a burn-and-mint model. Tokens are burned on the source network and natively issued on the destination network, ensuring transparency of supply and full backing.