TLDR
- Pharos becomes the 33rd blockchain with native USDC support.
- CCTP support on Pharos opens secure USDC transfers across 22 chains.
- The launch supports RWA issuers, DeFi payment teams, and RealFi builders.
- Day one apps include AquaFlux, Asseto, Bitverse, Centrifuge, and TermMax.
- A $10 million incubation program will support projects building on Pharos.
USDC and Circle’s Cross-Chain Transfer Protocol have gone live on Pharos, adding native stablecoin access to the Layer-1 network. The launch gives RWA issuers, DeFi payment teams, RealFi builders, and business leaders a regulated digital dollar for settlement, collateral, trading, lending, and programmable payments, while also opening secure USDC movement across supported blockchains through CCTP from day one on Pharos.
Native USDC Reaches the Pharos Blockchain
USDC is now supported natively on Pharos, a fast-finality Layer-1 blockchain built for financial applications. The integration adds a dollar-denominated asset for users and developers across the Pharos ecosystem. It also supports payments, RWA activity, trading, and lending.
The launch brings Circle’s stablecoin to a network focused on compliant financial use cases. USDC is described by Circle as the “world’s largest regulated stablecoin.” It is also fully reserved and redeemable 1:1 for US dollars, subject to Circle terms. Pharos users can now access native USDC without depending on wrapped versions. This may help apps use one stablecoin standard across settlement and collateral.
It can also support fiat on and offramps for eligible Circle Mint users. The launch covers several day one apps in the Pharos ecosystem. These include AquaFlux, Asseto, Bitverse, Centrifuge, Ember, Faroo, FaroSwap, and TermMax. These apps cover RWA access, trading, lending, and payment use cases.
CCTP Adds Crosschain Movement for USDC
Circle’s Cross-Chain Transfer Protocol is also live on Pharos. CCTP allows USDC to move between supported blockchains without using bridged assets. It works by burning USDC on one chain and minting it on another supported chain. With Pharos added, CCTP now supports 22 blockchains. Circle said the network now enables more than 450 unique crosschain transaction routes.
This gives developers more paths for USDC transfers across different blockchain ecosystems. CCTP can support financial apps that need fast and secure movement of stablecoins. It may help payment apps, RWA platforms, exchanges, and lending markets serve users across chains.
It also keeps liquidity linked to native USDC. For Pharos developers, CCTP adds a tool for crosschain app design. A user could move USDC into Pharos for lending, trading, or settlement. The same user could later move USDC to another supported chain.
RWA and DeFi Adoption Remain the Main Focus
The Pharos integration is aimed at RWA and DeFi adoption. USDC can be used for tokenized treasuries, private credit, commodities, and other tokenized assets. It can also serve as collateral in lending markets. The launch may also support stablecoin payments on Pharos. USDC enables 24/7 settlement, and it can work with programmable payment flows. This fits apps that need fast settlement and dollar-based liquidity.
Pharos is also backing ecosystem growth through a Native-to-Pharos Incubation Program. The program includes a $10 million commitment for developers and early-stage teams. It is designed to support projects using USDC and CCTP on Pharos.
The integration gives Pharos a native stablecoin layer and a crosschain transfer tool. It also adds infrastructure for RWA issuers, DeFi teams, and payment builders. The rollout places USDC at the center of settlement, collateral, and payment activity on the network.
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