Ethereum News Today: Bitget and Morph Build High-Speed Highway for Global Stablecoin Payments

Singapore, October 24, 2025 - Bitget has opened its Launchpool Project COMMON, inviting users to stake BGB or COMMON tokens to unlock 27.77 million COMMON rewards. This move aligns with the exchange's broader strategy to expand its ecosystem amid a surge in stablecoin adoption, which now exceeds $310 billion in circulation, up 50% year-to-date, according to a Business Insider report.

The initiative coincides with Morph's rebranding as a global stablecoin settlement layer, a high-performance blockchain designed to handle 10,000+ transactions per second (TPS) and secure real-time cross-border payments. Morph's transition from an Ethereum Layer 2 network to a dedicated settlement infrastructure is backed by Bitget's native token, BGB, which now serves as Morph's gas and governance asset. This integration bridges Bitget's liquidity with Morph's high-speed architecture, enabling instant stablecoin transfers and automated yields via the Bitget Wallet, the report noted.

Gracy Chen, CEO of Bitget, emphasized the strategic synergy: "Through our Universal Exchange (UEX) vision, Bitget and Bitget Wallet are empowering users to move seamlessly between trading, payments, and DeFi—all secured by the same infrastructure that powers Morph's high-speed settlement layer." The report added that Jamie Elkaleh, CMO of Bitget Wallet, said the partnership "transforms how stablecoins are used in real life, from remittances to merchant payments," leveraging the wallet's multi-chain reach to connect millions of users.

The timing is critical. Stablecoin transaction volumes hit $27.6 trillion in 2024, surpassing Visa's annual figures, with projections suggesting the market could grow to $4 trillion by 2030, the report said. Morph's CEO, Colin Goltra, noted that the rebrand reflects the "next stage of blockchain utility—speed, security, and scalability for real-world finance," positioning the platform to handle the trillion-dollar stablecoin economy.

Bitget's staking program further cements its role in this ecosystem. By locking BGB or COMMON tokens, users gain access to yield-generating opportunities while supporting the infrastructure that underpins Morph's settlement layer. The exchange's collaboration with Morph also highlights its efforts to expand beyond trading, as seen in partnerships with major sports leagues like LALIGA and MotoGP, and its UNICEF-backed blockchain education initiative, the report observed.

However, the crypto market remains volatile. Bitcoin (BTC) and Ethereum (ETH) prices have seen significant fluctuations in 2025, with regulatory shifts and macroeconomic factors adding uncertainty. Bitget's risk warning underscores this: "Digital asset prices are subject to fluctuation, and investors should only allocate funds they can afford to lose," the report noted.

As stablecoin adoption accelerates, Bitget's strategic alliances with Morph and other blockchain projects aim to position the exchange at the forefront of a financial system where "money flows as freely as information—accessible, programmable, and borderless," according to Morph's vision.