Morph Payments has expanded its stablecoin payment infrastructure by adding support for Solana and TRON, allowing customers to send certain digital assets from cryptocurrency exchanges without first connecting a wallet to the payment platform.
The update adds USDC and USDT on Solana, along with USDT on TRON, to the networks supported by Morph Payments. The move is aimed at making stablecoin payments more accessible to businesses, freelancers, and globally distributed organizations that increasingly use digital dollars for international transactions.
Morph Payments now allows customers to send supported stablecoins from compatible cryptocurrency exchanges or wallets without connecting a wallet directly to the payment platform.
Stablecoin Payments From Crypto Exchanges
Under the updated system, customers can transfer supported stablecoins to a Morph Payments account using a payment address or QR code supplied by the platform. The process is designed to work with funds held directly on compatible cryptocurrency exchanges, eliminating the need for users to first withdraw assets to a separate self-custodial wallet.
Customers can copy the payment address provided by Morph Payments and initiate a conventional cryptocurrency transfer from their exchange account. Those using compatible wallets can follow the same basic process.
The change addresses one of the practical hurdles associated with stablecoin payments. Users who already hold USDC or USDT on an exchange can make payments without adding another wallet-management step to the transaction process.
Morph Payments operates as a non-custodial service, providing businesses and other organizations with infrastructure for managing stablecoin transactions. Merchants can continue to track payment activity through the platform’s dashboard after funds have been transferred.
Solana and TRON Expand Network Coverage
The addition of Solana and TRON broadens the blockchain networks available to Morph Payments customers. Solana support covers both USDC and USDT, while TRON support currently includes USDT.
Stablecoins have increasingly been used for business transactions beyond trading and investment, including international payments, supplier settlements and receiving funds from customers in different countries. Such applications require payment infrastructure that can handle blockchain transfers while providing businesses with tools to monitor and manage transactions.
The expanded network support gives businesses and their customers more options for making stablecoin payments while retaining a payment process that does not require direct wallet connections.
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For businesses receiving stablecoins, the ability to accept transfers from exchange accounts could simplify the payment experience for customers who may not regularly use self-custodial wallets. It can also reduce the number of steps involved when a customer already holds the required stablecoin on an exchange.
Renna Ba, head of ecosystem at Morph, said the update was intended to reduce the number of steps for customers who already hold stablecoins on exchanges. She indicated that the expanded support was designed around networks and assets already used by customers while giving merchants tools to manage payment activity after transactions are completed.
Updated Resources for Businesses and Payers
Morph Payments has also expanded its Help Centre to provide additional information about the platform and its payment functions. The resources are intended to help businesses, payers, and other users understand how stablecoin payments can be made and received through the service.
The documentation covers platform features and provides guidance on using the payment functionality. This includes information relevant to customers making payments as well as businesses receiving stablecoins.
By combining exchange-based transfers, wallet support, and additional blockchain networks, Morph Payments is seeking to make stablecoin payments more practical for businesses operating across international markets.
As per reports, the Solana and TRON additions form part of the platform’s broader effort to support stablecoin-based business payments. The impact of the expansion will depend on adoption by merchants and customers, as well as the continued availability and use of supported assets and networks.