Morph and Bitget Build High-Speed Stablecoin Backbone for Global Finance

Singapore-based blockchain infrastructure firm Morph has rebranded to focus on a global stablecoin settlement layer, positioning itself as a critical player in the rapidly expanding onchain payments sector. The initiative, announced on October 24, 2025, leverages Morph's transition from a high-performance Ethereum Layer 2 network to a dedicated infrastructure for real-time, cross-border stablecoin transactions, according to a Chainwire report. With a target throughput of over 10,000 transactions per second (TPS) and a multi-layer zero-trust security framework, the platform aims to address scalability and compliance challenges in the trillion-dollar stablecoin ecosystem.

The partnership with Bitget, a leading cryptocurrency exchange with over 120 million users, underscores the strategic alignment between blockchain infrastructure and mass adoption. Bitget's native token, BGB, will serve as Morph's gas and governance token, integrating the exchange's liquidity with Morph's high-speed architecture, the Chainwire report said. Bitget Wallet, which supports 130+ blockchains, will further connect millions of users to on-chain payments, enabling instant stablecoin settlements and automated yields. "This collaboration transforms how stablecoins are used in real life, from remittances to merchant payments," said Jamie Elkaleh, CMO of Bitget Wallet, highlighting the platform's role in expanding frictionless finance at scale.

The move coincides with a surge in stablecoin adoption, with circulation reaching $310 billion in 2025—a 50% increase year-over-year—according to DeFiLlama. Transaction volumes surpassed $27.6 trillion in 2024, outpacing traditional payment giants like Visa. Projections suggest stablecoin value could hit $4 trillion by 2030, driving demand for scalable infrastructure. Morph's CEO, Colin Goltra, emphasized the urgency: "Our evolution reflects the next stage of blockchain utility—speed, security, and scalability for real-world finance."

Gracy Chen, CEO of Bitget, reiterated the partnership's vision under Bitget's "Universal Exchange" (UEX) strategy, which seeks to unify trading, payments, and DeFi on a single platform, the Chainwire report added. By embedding Morph's infrastructure into Bitget's ecosystem, users can seamlessly transition between asset classes while benefiting from the same security protocols that power high-speed settlements. This integration also aligns with Bitget's broader initiatives, including its sponsorship of global sports leagues and educational partnerships with UNICEF.

As stablecoin transaction volumes continue to grow, Morph's collaboration with Bitget highlights a broader industry trend: the convergence of blockchain infrastructure and user-friendly applications. With Bitget's global reach and Morph's technical advancements, the partnership aims to redefine cross-border payments, positioning stablecoins as a viable alternative to traditional financial systems.