Pharos Network, a financial-grade Layer 1 blockchain, announced today that USDC and the Circle Cross-Chain Transfer Protocol (CCTP) will be deployed on its mainnet, The Pacific Ocean. This integration will introduce mainstream stablecoin settlement capabilities to the network and enable seamless cross-chain fund flows. This move marks a significant step forward in Pharos Network's mission to build an open and inclusive global RealFi settlement system.
The introduction of USDC brings an institutional-grade stablecoin to the Pharos Network ecosystem. As a transparent, 100% reserve-backed dollar stablecoin, USDC will serve as a core settlement and collateral asset in real-world asset tokenization (RWA), DeFi trading and lending, and global payment scenarios. Simultaneously, CCTP will establish native cross-chain connectivity 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 USDC integrated at the protocol layer for settlement, developers can build lending markets, structured financial products, and a 24/7 global payment network on Pharos Network. Institutional funds can access on-chain RWA markets through compliant infrastructure, while global users will gain access to real-world financial opportunities.
The integration of USDC and CCTP is expected to unlock diverse financial application scenarios within the Pharos Network ecosystem. In tokenized financial markets, USDC can serve as the primary settlement and collateral tool for assets such as government bonds, private credit, and commodities, while providing liquidity support for DeFi trading and lending. Beyond trading, merchants and payment service providers can leverage USDC for efficient settlement, benefiting from its transparent reserves and redemption mechanisms. Meanwhile, CCTP will support the seamless transfer of USDC between Pharos Network and other chains, enabling funds to flow freely across different ecosystems, thereby improving liquidity management efficiency and facilitating the distribution of RWA across chains.
Wish Wu, a member of the Pharos Network Foundation, stated: "RealFi requires both a trusted settlement system and global accessibility. The integration of USDC and CCTP will bring institutional-grade reliability to Pharos Network while making this reliability more accessible to global developers and users. Our vision has always been to build truly inclusive infrastructure to support the development of real-world financial markets."
With the deployment of USDC and CCTP completed, Pharos Network is now 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 drive ecosystem growth, Pharos Network has also launched a $10 million ecosystem incubation program to support developers in building native applications.
By introducing USDC and CCTP to enable secure cross-chain fund flows, Pharos Network is building the underlying infrastructure for RealFi, enabling institutional-grade assets to circulate on-chain while being accessible to global users, accelerating the transition of real-world finance towards openness, transparency, and inclusion.
About Pharos Network
Pharos Network is a Layer 1 blockchain designed for real-world financial applications, dedicated to enabling seamless interaction between on-chain systems and institutional-grade assets. The network features a modular architecture and supports deeply parallel execution in both EVM and WASM environments, with built-in compliance capabilities to support the next generation of global financial infrastructure. Pharos Network is developed by an engineering team from Ant Group and is backed by globally renowned investment institutions such as Hack VC and Faction VC.
