Morph launches non-custodial stablecoin payments platform

Morph has launched a non-custodial payments platform that supports USDC and USDT, charges no platform fee, and settles customer payments directly into users’ wallets.

According to an Aug. 12 press release from Morph shared with crypto.news, Morph Payments is designed for online businesses, freelancers, and distributed organizations that want to accept, send, and manage stablecoin payments.

Morph Payments settles funds directly into users’ wallets

Morph Payments lets businesses connect a self-custodial wallet rather than deposit their stablecoins into an account controlled by the platform. Customer payments settle directly into the wallet selected by the recipient.

By using a non-custodial structure, Morph does not hold the funds sent through its payment interface. Businesses retain control of their wallets and can access incoming stablecoins after the underlying blockchain transaction settles.

The initial release supports USDC and USDT. Both stablecoins can be used to accept payments from customers, pay other parties, or manage transactions through the platform’s dashboard.

Morph does not charge customers a platform fee, according to information provided by the company. Users only pay the network fee, which costs about $0.003 per transaction on Morph.

The payment process also operates around the clock because transactions settle on-chain rather than depending on conventional banking hours. Morph said the setup is intended for companies and professionals handling payments across different countries, including freelancers receiving money from overseas clients and online businesses collecting payments from international customers.

Invoices and payment links support business transactions

Along with direct wallet settlement, Morph Payments provides tools for creating invoices and payment links. Businesses can send a link to a customer, who is then directed to a checkout page to complete the transaction.

Completed payments appear on a unified dashboard, giving users a record of incoming and outgoing activity. The platform combines payment monitoring with invoice management instead of requiring businesses to track each wallet transaction separately.

For freelancers, the system provides a way to request USDC or USDT from clients and receive the payment in a wallet they control. Distributed teams can also use the platform to send stablecoins to remote workers, while online businesses can create checkout links for customer payments.

Morph said direct settlement can give recipients access to their funds without waiting for an intermediary to release a balance. The company also presented the non-custodial model as a way to reduce the counterparty exposure associated with leaving assets under the control of a payment processor.

Renna Ba, head of ecosystem at Morph, said businesses may eventually handle several stablecoins in much the same way that companies currently work with different national currencies.

“Every major change in commerce has required new financial infrastructure. As stablecoins become an increasingly important way for businesses to move money globally, payment experiences need to evolve alongside them,” Ba said.

Addressing the complexity that could come with accepting several digital currencies, Ba said the task was not simply to create more payment choices.

“The challenge isn’t creating more payment options—it’s making that complexity invisible so businesses can focus on growing, not managing payments.”

Morph plans to add more payment capabilities over the coming months as it develops the platform beyond its initial USDC and USDT features.

Morph Payments extends the network’s stablecoin work

The launch adds a business-facing payment service to Morph’s existing stablecoin programs. In January, the network selected Cobo as its first partner for the Morph Payment Accelerator.

Cobo provides custodial wallets, multi-party computation wallets, and wallet infrastructure across more than 80 blockchains. The January partnership focused on bringing institutional stablecoin payments, cross-border payouts, and high-frequency settlement activity to Morph.

The Payment Accelerator is a $150 million program funded through the BGB ecosystem. Under the program described by Morph, payment companies and infrastructure providers can receive performance-based incentives tied to verified stablecoin activity processed through Morph’s mainnet.

Morph Payments serves a different part of the payment process. While the Cobo partnership centers on institutional wallet infrastructure and transaction flows, the new platform gives businesses and professionals tools to create payment requests, monitor transfers, and receive funds in their own wallets.

Businesses can also use stablecoins received through Morph Payments on trading platforms and yield products available within the Morph ecosystem, according to the company. Any use of those services would occur after the original payment reaches the recipient’s wallet.

Stablecoin payments gain use among businesses

Morph cited Visa’s on-chain analytics, which recorded $10.2 trillion in adjusted stablecoin transaction volume during the past 12 months. The total represented a 65% increase from the previous 12-month period.

Visa’s adjusted metric filters transactions that its methodology classifies as inorganic, including activity that may not represent payments between separate users. The measure seeks to provide a clearer view of stablecoins being transferred for settlement and other economic activity.

Separate research published by Morph in April estimated that stablecoins processed $33 trillion in total on-chain volume during 2025. As covered by crypto.news, the report estimated that business-to-business transactions accounted for about 60% of the measured activity.

Morph’s research projected stablecoin settlement volume could exceed $50 trillion in 2026 and account for about 10% of global cross-border payments by 2030. Such figures remain company forecasts rather than confirmed future transaction totals.

Other payment providers have introduced stablecoin services for corporate customers. In July, Ramp launched stablecoin business accounts on Solana, allowing companies to hold USDC and USDT and send payments to vendors in more than 140 countries.

Ramp said its service could convert stablecoin payments into more than 40 local currencies. The company also reported that more than 1,000 businesses were already using stablecoins to pay vendors through its platform, with over 70% of their payment volume occurring outside standard banking hours.

U.S. stablecoin rules continue to develop

American businesses using USDC, USDT, or stablecoin payment platforms operate within a federal regulatory framework established by the GENIUS Act. President Donald Trump signed the law on July 18, 2025.

The GENIUS Act created federal requirements for payment stablecoin issuers, including rules covering reserves, redemptions, disclosures, and regulatory supervision. USDC and USDT are issued by Circle and Tether, respectively, rather than by Morph.

Under the law, payment stablecoin issuers must maintain qualifying reserves and provide regular information about the assets backing their tokens. The statute also creates a licensing system for permitted issuers and sets conditions for foreign stablecoins distributed through U.S. digital asset services.

Federal regulators missed a July deadline for completing several implementing rules. Proposals covering reserves, custody, redemptions, customer identification, anti-money laundering controls, and state supervision remained unfinished after the July 18, 2026, deadline.

The GENIUS Act is scheduled to take effect by Jan. 18, 2027, unless completed regulations trigger an earlier implementation date under the law’s 120-day timetable.