Establishing a Core Settlement Layer for RealFi
The stablecoin USDC and issuer Circle’s Cross-Chain Transfer Protocol (CCTP) have been deployed on the Pharos Network Layer 1 blockchain, in a milestone seen moving the network closer to its goal of building an inclusive global settlement layer for real-world finance (RealFi).
By integrating USDC at the protocol level, the Layer 1 chain introduces a transparent, fully reserved, dollar-denominated stablecoin into its ecosystem. According to a media release, the move positions USDC as a core settlement and collateral asset across tokenized real-world assets ( RWAs), decentralized finance ( DeFi) trading and lending, and global payment flows.
For developers, the integration reportedly unlocks the ability to build compliant lending markets, structured financial products, and always-on payment networks on Pharos. The announcement comes weeks after Pharos revealed the addition of a specialized group of research, data, and institutional infrastructure partners to its RealFi Alliance.
The alliance aims to address systemic challenges such as fragmented liquidity, inconsistent infrastructure standards, and regulatory silos by coordinating assets and capital under a shared framework. Meanwhile, CCTP equips Pharos with native cross-chain connectivity to more than 20 blockchains, enabling over 400 secure transaction routes.
This eliminates reliance on third-party bridges or wrapped assets, ensuring both asset integrity and capital efficiency. With seamless USDC transfers, Pharos strengthens its role as a hub for cross-chain liquidity and the distribution of tokenized RWAs.
Wish Wu of the Pharos Foundation highlighted the significance of the deployment.
“RealFi requires both trusted settlement and global accessibility,” Wu said. “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.”
Pharos has already launched a $10 million incubator program to support developers building native-to-Pharos applications. The initiative underscores Pharos’ commitment to fostering innovation and expanding access to real-world financial opportunities.
FAQ ❓
- What happened? Pharos Network has deployed Circle’s USDC stablecoin and Cross‑Chain Transfer Protocol (CCTP) on its Layer‑1 blockchain.
- Why is this important? USDC provides trusted dollar‑denominated settlement while CCTP enables secure cross‑chain transfers across 20+ blockchains.
- How does it benefit developers? The integration allows building compliant lending markets, structured financial products, and global payment networks on Pharos.
- What’s next for Pharos? Pharos launched a $10M incubator program to accelerate ecosystem growth and expand RealFi applications worldwide.
Source: https://news.bitcoin.com/circle-deploys-usdc-and-cctp-on-pharos-network-to-advance-realfi-goals/
