Circle has deployed its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) on the Pharos Network Layer 1 blockchain, a milestone that brings the network closer to its vision of becoming an inclusive global settlement layer for real-world finance (RealFi). According to the official announcement, the integration embeds a transparent, fully reserved, dollar-denominated stablecoin directly into the Pharos ecosystem, positioning USDC as the core settlement and collateral asset across tokenized real-world assets (RWAs), decentralized finance (DeFi) trading and lending, and global payment flows.
Establishing a Unified Settlement Infrastructure for RealFi
Pharos Network has been tackling systemic challenges in real-world finance, including fragmented liquidity, inconsistent infrastructure standards, and regulatory silos. The addition of USDC brings institutional-grade trust to the ecosystem. Previously, Pharos launched the RealFi Alliance, a coalition of research, data, and institutional infrastructure partners, to coordinate assets and capital under a shared framework. The USDC deployment is a natural extension of that strategy, providing a stable and trusted medium of exchange for all participants.
The deployment of CCTP further empowers Pharos with native cross-chain connectivity. The protocol supports more than 20 blockchains and over 400 secure transaction routes, eliminating reliance on third-party bridges or wrapped assets. This ensures both asset integrity and capital efficiency, allowing seamless USDC transfers across ecosystems. For Pharos, this strengthens its role as a hub for cross-chain liquidity and distribution of tokenized RWAs.
Wish Wu of the Pharos Foundation highlighted the significance of the deployment: “RealFi requires both trusted settlement and global accessibility. The integration of USDC and CCTP can bring institutional-grade reliability to Pharos while making that reliability accessible to developers and users worldwide. Our vision has always been to build truly inclusive infrastructure capable of supporting real-world financial markets.”
$10M Incubator Accelerates RealFi Innovation
Prior to the USDC integration, Pharos Network launched a $10 million incubator program to support developers building native-to-Pharos applications. The initiative focuses on decentralized finance and real-world asset applications, providing funding and technical mentorship to early-stage projects. With the new infrastructure now in place, developers can leverage USDC and CCTP to build compliant lending markets, structured financial products, and always-on payment networks on Pharos.
Industry observers note that Circle’s choice of Pharos reflects the growing recognition of Layer 1 networks specializing in real-world asset tokenization. As the RWA market continues to expand, Pharos is well-positioned to serve as a bridge between traditional finance and on-chain ecosystems. The combination of a trusted stablecoin, native cross-chain capability, and a dedicated incubator creates a fertile environment for RealFi applications. Pharos plans to continue expanding its partnership network and onboarding more institutional players to drive global adoption of real-world finance onchain.