The financial-grade Layer 1 blockchain Pharos Network today announced that the USDC and Circle Cross-Chain Transfer Protocol (CCTP) will be deployed on the Pharos Network mainnet The Pacific Ocean, introducing mainstream stablecoin settlement capabilities to the network and enabling seamless cross-chain capital flows. This integration marks an important step for Pharos Network in its mission to build an open and inclusive global RealFi settlement system.
The introduction of USDC brings institutional-grade stablecoins to the Pharos Network ecosystem. As a transparent, 100% reserve-backed US dollar stablecoin, USDC will act as a core settlement and collateral asset in real asset tokenization (RWA), DeFi trading and lending, and global payment scenarios. At the same time, CCTP will establish native cross-chain connections between Pharos Network and over 20 supported blockchains, providing more than 400 secure transaction paths. By eliminating the reliance on third-party cross-chain bridges or wrapped assets, CCTP helps enhance asset integrity and capital efficiency.
With the settlement integration of USDC completed at the protocol level, developers can build lending markets, structured financial products, and 24/7 global payment networks on Pharos Network. Institutional funds can access on-chain RWA markets under compliant infrastructure, while global users will also gain broader real-world financial opportunities.
The integration of USDC and CCTP is expected to unleash diverse financial application scenarios within the Pharos Network ecosystem. In the tokenized financial market, USDC can serve as the primary settlement and collateral tool for assets such as government bonds, private credit, and commodities, while also providing liquidity support for DeFi trading and lending. Beyond transactions, merchants and payment service providers can also rely on USDC for efficient settlements, benefiting from its transparent reserves and redemption mechanisms. At the same time, CCTP will support seamless transfers of USDC between Pharos Network and other chains, allowing funds to flow freely between different ecosystems, thereby enhancing liquidity management efficiency and promoting cross-chain distribution of RWA.
Wish Wu, a member of the Pharos Network Foundation, stated: "RealFi requires both a trustworthy settlement system and global accessibility. The integration of USDC and CCTP will bring institutional-level reliability to Pharos Network, making this reliability more accessible to global developers and users. Our vision has always been to create truly inclusive infrastructure to support the development of real-world financial markets."
With the completion of the deployment of USDC and CCTP, Pharos Network will fully open to developers, financial institutions, and enterprises, providing compliant, stable, and high-performance infrastructure to support the development of real-world financial applications. To further promote ecological growth, Pharos Network has also launched a $10 million ecological incubation program to support developers in building native applications.
By introducing USDC and CCTP, Pharos Network is achieving secure cross-chain capital flows and is building the underlying infrastructure for RealFi, enabling institutional-level assets to circulate on-chain while being accessible to global users, accelerating the transition of real-world finance towards openness, transparency, and inclusivity.
About Pharos Network
Pharos Network is a Layer1 blockchain designed for real-world financial applications, dedicated to achieving seamless interaction between on-chain systems and institutional-level assets. The network adopts a modular architecture and supports deep parallel execution in EVM and WASM environments, while also incorporating compliance capabilities to support the next generation of global financial infrastructure. Pharos Network is developed by an engineering team from Ant Group and supported by globally recognized investment institutions such as Hack VC and Faction VC.