Pharos Network has integrated Circle’s USDC stablecoin and its Cross-Chain Transfer Protocol into its core blockchain technology. They’ve also started a $10 million program to support and grow new projects.
Establishing a Core Settlement Layer for RealFi
The stablecoin USDC and issuer Circle’s Cross-Chain Transfer Protocol (CCTP) have been deployed on the Pharos Network Layer 1 blockchain, in a milestone seen moving the network closer to its goal of building an inclusive global settlement layer for real-world finance (RealFi).
By integrating USDC at the protocol level, the Layer 1 chain introduces a transparent, fully reserved, dollar-denominated stablecoin into its ecosystem. According to a media release, the move positions USDC as a core settlement and collateral asset across tokenized real-world assets ( RWAs), decentralized finance ( DeFi) trading and lending, and global payment flows.
For developers, the integration reportedly unlocks the ability to build compliant lending markets, structured financial products, and always-on payment networks on Pharos. The announcement comes weeks after Pharos revealed the addition of a specialized group of research, data, and institutional infrastructure partners to its RealFi Alliance.
The alliance aims to address systemic challenges such as fragmented liquidity, inconsistent infrastructure standards, and regulatory silos by coordinating assets and capital under a shared framework. Meanwhile, CCTP equips Pharos with native cross-chain connectivity to more than 20 blockchains, enabling over 400 secure transaction routes.
This eliminates reliance on third-party bridges or wrapped assets, ensuring both asset integrity and capital efficiency. With seamless USDC transfers, Pharos strengthens its role as a hub for cross-chain liquidity and the distribution of tokenized RWAs.
Wish Wu of the Pharos Foundation highlighted the significance of the deployment.
According to Wu, RealFi needs secure transactions and worldwide access. By combining USDC and CCTP, Pharos can offer the high level of dependability institutions require, while also making it available to developers and users everywhere. The goal is to create infrastructure that’s truly open to everyone and can support traditional financial markets.
Pharos has begun a $10 million program to help developers create applications specifically for its platform. This shows Pharos’ dedication to encouraging new ideas and providing more people with access to practical financial tools.
FAQ ❓
- What happened? Pharos Network has deployed Circle’s USDC stablecoin and Cross‑Chain Transfer Protocol (CCTP) on its Layer‑1 blockchain.
- Why is this important? USDC provides trusted dollar‑denominated settlement while CCTP enables secure cross‑chain transfers across 20+ blockchains.
- How does it benefit developers? The integration allows building compliant lending markets, structured financial products, and global payment networks on Pharos.
- What’s next for Pharos? Pharos launched a $10M incubator program to accelerate ecosystem growth and expand RealFi applications worldwide.
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2026-03-31 08:57