Morph has named Cobo as the first payment accelerator partner to expand institutional stablecoin flows on its payment-focused Layer 2 network.
The partnership builds on an existing integration announced in January 2025 between Morph and the digital asset custody firm.
Cobo will support institutional-grade stablecoin routing through Morph using its custody, MPC wallet and wallet-as-a-service infrastructure.
Morph said Cobo’s experience in cross-border payouts and high-frequency settlement makes it a key partner for scaling volume.
The collaboration forms part of the $150 million Morph Payment Accelerator programme backed by the BGB ecosystem.
The incentive scheme rewards partners based on verified stablecoin payment volume processed on Morph’s mainnet.
Morph said the programme targets use cases including crypto cards, remittances and payment gateways.
Institutional demand for stablecoins is rising for treasury management, payroll and merchant settlements, according to the firm.
Morph said routing flows through its network allows clients to access lower costs, faster settlement and multi-chain interoperability.
The company said the partnership strengthens its position as a settlement layer for global onchain payments.