TechFlow News, March 27: According to an official announcement, Pharos Network—a high-performance, parallel Layer 1 blockchain built specifically for real-world finance—has announced that USDC and Circle’s Cross-Chain Transfer Protocol (CCTP) will be deployed on its mainnet, “Pacific Ocean,” enabling widely adopted stablecoin settlement and seamless cross-chain capital flow for Pharos.
Going forward, USDC will serve as both the core settlement and collateral asset, driving the development of financial use cases across the Pharos ecosystem—including lending markets, real-world assets (RWA), structured financial products, and a 24/7 global payment network. Meanwhile, Circle’s CCTP establishes native cross-chain connectivity between Pharos and over 20 blockchains, further enhancing efficient liquidity management and cross-chain distribution of tokenized real-world assets.
With this deployment complete, Pharos will now be fully open to developers, financial institutions, and enterprises worldwide. This initiative is supported by Pharos’ previously launched $10 million ecosystem incubation program, designed to empower developers building applications natively on Pharos.
By integrating USDC and CCTP to support secure cross-chain capital movement, Pharos further solidifies its role as a foundational infrastructure layer for RealFi, continuously advancing real-world finance toward greater openness, transparency, and inclusivity.
