Morph Payments adds Solana and TRON to stablecoin SME platform

Morph Payments expands blockchain network support, targeting SMEs in emerging markets where TRON-based USDT transfers dominate cross-border trade.

By Disrupts Editorial Team Mon, 28 September 2026 AI level 2 of 5

AI level 2 of 5: drafted by our AI editorial assistant from the company's announcement; fact-checked, edited and signed off by Mark Walker, Editorial Director. What the levels mean

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Morph Payments, a Cayman Islands-based stablecoin payment platform aimed at small and medium-sized merchants, has added support for USDC and USDT on Solana and USDT on TRON. The update, released on 21 September 2026, also removes the requirement for customers to connect a self-custodial wallet before making a payment, allowing direct transfers from exchange accounts using a standard address or QR code.

The platform launched in August 2026 as a non-custodial service enabling businesses, freelancers and globally distributed organisations to send, receive and manage stablecoin payments. The latest update is its first significant capability expansion since launch.

Friction reduction as a competitive lever

The wallet-connection requirement has long been cited as one of the primary barriers to stablecoin adoption among non-technical business users. By allowing payers to transfer directly from an exchange account, Morph Payments reduces the number of steps involved in a transaction without requiring merchants to change how they manage their own funds. Merchants continue to track incoming payments through the platform's dashboard, while payers avoid the intermediate step of moving assets from an exchange into a separate wallet.

Renna Ba, Head of Ecosystem at Morph, framed the update in deliberately operational terms: "For stablecoin payments to become part of everyday business, we need to stop expecting customers to understand the infrastructure underneath them. If someone already has USDT in an exchange account, making a payment shouldn't require them to move it into another wallet, connect that wallet and then start the payment process."

The addition of TRON is strategically notable. The company says TRON has become one of the world's most widely used networks for USDT transfers, with particularly strong adoption across Latin America and Southeast Asia, where high-volume, relatively low-cost transfers have made it the dominant rail for dollar-denominated cross-border payments among smaller enterprises. For an SME-focused platform, the ability to receive TRON-based USDT without forcing counterparties onto a different network is a meaningful reduction in onboarding friction.

The macro read: stablecoins moving from trading to trade

The product update sits within a broader structural shift that is increasingly legible to cross-sector investors: stablecoins are migrating from speculative trading instruments into working-capital infrastructure for global commerce. That transition creates a different competitive landscape than the one crypto incumbents have historically navigated. The relevant comparators are no longer purely blockchain-native (Coinbase Commerce, BitPay) but extend into traditional B2B payments infrastructure, where incumbents such as Stripe, Adyen and Payoneer have each made distinct moves into stablecoin or digital-dollar settlement in the past 18 months.

For capital allocators watching the fintech-blockchain convergence, the strategic question is whether multi-network stablecoin acceptance becomes a commodity feature or a durable differentiator. The network-agnostic framing Morph Payments is pursuing, supporting whichever stablecoin and blockchain a counterparty already uses rather than requiring migration to a preferred rail, mirrors the approach that won in traditional card acceptance: reduce friction at the point of payment and let volume follow.

Emerging-market SMEs represent a structurally underserved segment for dollar-denominated payments infrastructure. Banks in Latin America and Southeast Asia continue to impose high correspondent-banking fees on cross-border transfers, and stablecoin rails offer a credible alternative at the lower end of the transaction-value spectrum. Whether platforms like Morph Payments can build the compliance and banking-integration layer necessary to serve larger transaction volumes, without reintroducing the custodial risk that non-custodial architectures are designed to avoid, remains the open question for the category.

Morph has also launched an enhanced Help Centre alongside the network expansion, a signal that the platform is actively broadening its addressable user base beyond the crypto-native merchant segment toward businesses with limited familiarity with digital-asset infrastructure.