Odaily Planet Daily reports that USDC and Circle Cross-Chain Transfer Protocol (CCTP) will launch on Morph. USDC will be issued on Morph by Circle’s regulated affiliated entity, serving as a USD-denominated settlement asset within the network and providing a more consistent USD settlement foundation for payment applications.
CCTP will support USDC transfers between supported blockchains through burn-and-mint methods. Tokens are burned on the source chain and re-minted on the target chain, maintaining a 1:1 supply ratio and standardized settlement behavior; applications can choose between Standard Transfer or Fast Transfer modes as needed.
Morph states that USDC and CCTP will support USD settlements and cross-chain fund transfers in scenarios such as crypto cards, cross-border remittances, payment gateways, DeFi, and trading. They will also work with Morph’s $150 million Payment Accelerator program to advance its position as a payment settlement layer.
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Gate Research Institute: Will stablecoins be able to meet the marginal demand for US dollars as the US dollar weakens in 2026?
Summary:
The depreciation of the US dollar results from a combination of declining real purchasing power, gradual strengthening driven by fiscal policy, and long-term changes in real interest rates and holding costs.
Traditional banking systems, constrained by regulation, capital requirements, and risk weights, generate spillover demand for US dollars, and stablecoins precisely fill this demand gap.
Differences in regulatory frameworks and business positioning lead to variations in collateral structures among different stablecoins, while internally, an implicit credit hierarchy also forms.
The quality, transparency, and credibility of stablecoin collateral and issuers are becoming key factors in determining their price stability, liquidity priority, and long-term funding preferences.
Once stablecoins reach a certain scale, they have begun to become an important structural force influencing short-term US dollar interest rates.
Looking ahead to 2026, stablecoins are more likely to serve as a "water reservoir" and distribution layer for the US dollar, with their reserve assets providing stable short-term US Treasury purchases, which in turn are influencing the dollar itself.
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