Pharos Network teams up with Circle to promote the development of an open and inclusive global RealFi settlement system

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The financial-grade Layer1 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 fund 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 stablecoin to the Pharos Network ecosystem. As a transparent, 100% reserve-backed US dollar stablecoin, USDC will serve as a core settlement and collateral asset in real asset tokenization (RWA), DeFi trading and lending, and global payment scenarios. Meanwhile, CCTP will establish native cross-chain connections between Pharos Network and over 20 supported blockchains, providing more than 400 secure transaction paths. By eliminating reliance on third-party cross-chain bridges or wrapped assets, CCTP helps enhance asset integrity and fund utilization efficiency.

As USDC completes settlement integration at the protocol layer, developers can build lending markets, structured financial products, and a round-the-clock global payment network 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 a 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 leverage USDC for efficient settlements and benefit from its transparent reserves and redemption mechanism. At the same time, CCTP will support seamless transfers of USDC between Pharos Network and other chains, allowing funds to flow freely across different ecosystems, thereby enhancing liquidity management efficiency and facilitating 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 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 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 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 achieve secure cross-chain fund flows, Pharos Network is building the underlying infrastructure for RealFi, enabling institutional-grade assets to circulate on-chain while being open to global users, accelerating the movement of real-world finance toward openness, transparency, and inclusivity.

About Pharos Network

Pharos Network is a Layer1 blockchain designed for real-world financial applications, aiming to achieve seamless interaction between on-chain systems and institutional-grade assets. The network adopts a modular architecture and supports deep parallel execution in EVM and WASM environments, while also incorporating compliance-oriented capabilities to support the next generation of global financial infrastructure. Pharos Network is developed by an engineering team from Ant Group and is supported by globally renowned investment institutions such as Hack VC and Faction VC.