Morph launches non-custodial stablecoin payments platform

Morph has launched a non-custodial payments platform that supports USDC and USDT, lets businesses connect their own wallets, and settles customer payments directly on-chain. Summary USDC and USDT payments settle directly into wallets controlled by users. Morph Payments includes invoices, payment links, and a transaction dashboard. The platform does not require businesses to deposit stablecoins with Morph. Visa data cited by Morph put adjusted stablecoin volume at $10.2 trillion over 12 months. Morph Payments leaves funds in users’ wallets According to an Aug. 12 press release from Morph shared with crypto.news, the service is available to online businesses, freelancers, and distributed organizations that want to accept, send, and monitor stablecoin payments. Morph Payments works by connecting a self-custodial wallet to the platform rather than requiring a business to transfer its funds into an account controlled by Morph. When a customer completes a payment, the stablecoins move directly to the wallet selected by the recipient. Morph said the initial release supports USDC and USDT, the two stablecoins named in the announcement. Businesses can create an invoice or payment link that ...