Pharos Network has officially integrated the USDC stablecoin and Circle's Cross-Chain Transfer Protocol (CCTP) into its mainnet, "The Pacific Ocean." This strategic move positions the layer-1 blockchain as a foundational settlement layer for institutional capital and the burgeoning RealFi (Real-World Asset Finance) sector.
The integration establishes USDC as the central settlement and collateral asset within the Pharos ecosystem. It is designed to serve as the bedrock for developing tokenized real-world asset markets, structured credit products, and international payment flows. Wish Wu, a representative of the Pharos Foundation, emphasized the goal of building "truly inclusive infrastructure capable of sustaining real financial markets," aiming for institutional-grade reliability without sacrificing global accessibility.
A key component of this expansion is the deployment of Circle's CCTP. This protocol enables direct, native USDC transfers across more than 20 compatible blockchains, creating over 400 secure transaction routes. By eliminating reliance on third-party bridges or wrapped assets, CCTP minimizes custody-related risks and aims to improve capital efficiency for cross-chain operations.
To accelerate ecosystem development, Pharos has concurrently launched a $10 million incubation program. This initiative is targeted at developers building native applications on the network, particularly those focused on USDC-based DeFi, payments, and real-world asset tokenization projects. The program offers both funding and technical support.
Pharos Network is a layer-1 blockchain engineered for fast, compliant financial applications, supporting both EVM and WASM environments with parallel execution. Its strategy is focused on becoming a global-scale settlement layer for regulated finance, leveraging USDC's status as a fully reserved, regulated stablecoin to attract institutions and enterprises seeking high-performance infrastructure with a regulatory-oriented approach.
