Morph, the Ethereum Layer-2 network incubated within the Bitget ecosystem, launched Morph Payments on August 12, a non-custodial platform that lets businesses and freelancers accept, send and manage stablecoin payments. Funds settle directly into a user's own wallet rather than passing through Morph's custody, and the initial release supports USDC and USDT, invoicing and payment links, a transaction dashboard, and 24/7 on-chain settlement.
The launch follows Morph's July decision to split its architecture in two: Tachyon , a standalone chain for high-throughput trading, and the original Ethereum L2, which continues to handle payments and stablecoins. Morph Payments builds on that payments side, and arrives roughly six weeks after Anchorage's USDGO stablecoin went live natively on the network , giving Morph a federally regulated settlement asset alongside USDC and USDT.
Renna Ba, Morph's Head of Ecosystem, said businesses will increasingly operate across multiple stablecoins the way they already operate across multiple currencies, and that the goal is making that complexity invisible.
Morph's own announcement is direct about what it wants to happen next: it describes the launch as closing a loop, with businesses free to route payments they receive into trading platforms and yield strategies built on Morph's network. That framing positions Morph Payments less as a standalone product than as an on-ramp for Morph's broader ecosystem, an incentive structure worth noting given the platform's non-custodial pitch is built on giving businesses full control of their funds.
The launch also leans on a specific market data point: adjusted stablecoin transaction volume reached $10.2 trillion over the trailing 12 months, according to Visa's Onchain Analytics dashboard , which filters out bot activity and internal exchange transfers to isolate organic settlement. That figure sits well below the $33 trillion in raw annual volume Morph's own State of Stablecoins 2026 report cited in April, underscoring how much of that headline number is inflated activity rather than the kind of business settlement Morph Payments is now trying to capture.
Morph said further payments capabilities are planned in the coming months, without specifying a timeline.
