Morph Launches Non-Custodial Stablecoin Payments Platform

Morph has introduced Morph Payments, a non-custodial stablecoin payments platform that supports USDC and USDT. The platform allows businesses to connect their own wallets, create invoices or payment links, and settle customer payments directly on-chain.

The service does not require businesses to deposit stablecoins with Morph, instead using a self-custodial wallet model where funds are held in users' wallets. This approach differs from custodial processors that receive money on behalf of merchants and later release the balance.

Morph cited Visa's on-chain analytics showing $10.2 trillion in adjusted stablecoin transaction volume during the previous 12 months, a 65% increase from the comparable period.