USDC and CCTP are coming soon to Pharos. Learn what this means for the ecosystem.
We’re excited to announce that USDC and CCTP are coming soon to the Pharos ecosystem.
Pharos is a high-throughput, fast-finality, EVM-compatible layer-1 (L1) blockchain designed to support compliant, global financial applications at scale. The network is designed for tokenized real-world assets (RWAs), regulated DeFi trading and lending, and instant stablecoin payments. Following the launch of its private testnet last year, Pharos is preparing for a public mainnet release.
With the forthcoming launch of USDC and CCTP on Pharos, this L1 network will gain access to the world’s largest regulated1 stablecoin, and secure crosschain transfers across supported blockchains. This collaboration will facilitate exciting new applications for developers, businesses, traders, and users across Pharos’ DeFi ecosystem.
Benefits of USDC and CCTP on Pharos
USDC on Pharos will provide a trusted and regulated digital dollar that can be used for DeFi trading and lending, payments, tokenized RWAs, and other onchain activity. USDC on Pharos offers benefits such as:
- Access to a regulated,1 fully reserved stablecoin redeemable 1:1 for US dollars2
- Institutional fiat on/offramps like Circle Mint3 for eligible users
- Easy integration into Pharos’ app ecosystem
Meanwhile, CCTP on Pharos makes USDC transfers across supported blockchains easier, without depending on third-party bridges or wrapped assets. CCTP empowers users to:
- Decide between Standard and Fast Transfer transaction options
- Seamlessly move USDC securely between Pharos and other supported blockchains
- Build apps that support robust payments, crosschain onboarding, trading, lending, and other capital-efficient financial flows
Key use cases for USDC on Pharos
Pharos is designed with regulatory alignment in mind and features a modular onchain architecture with parallel execution across EVM and WASM environments. Its high-throughput design and sub-second finality are optimized for financial applications requiring predictable performance and compliance-aware infrastructure. With strong connectivity across Asia-Pacific (APAC) markets, Pharos is positioned to expand access to tokenized real-world assets (RWAs) in the region while maintaining a globally interoperable footprint.
USDC is expected to serve as the primary settlement and collateral asset across the Pharos ecosystem, supporting trading, payments, and onchain liquidity management. As a fully reserved, dollar-denominated stablecoin redeemable 1:1 for USD, USDC provides trusted settlement infrastructure for tokenized commodities, private credit, treasuries, and other RWAs.
In combination with Circle CCTP, USDC on Pharos enables capital-efficient crosschain transfers without relying on wrapped assets. For institutions and payment providers, using native USDC and a standardized crosschain transfer mechanism can simplify reconciliation and risk controls across networks, supporting operational requirements often associated with regulated financial workflows.
To further accelerate ecosystem development, Pharos has announced a $10 million incubator program to support builders developing DeFi-focused applications and infrastructure with an emphasis on USDC. The program provides funding, mentorship, and technical resources to help scale projects within the network.
USDC issued by Circle1
Token Name: USDC
Token Symbol: USDC
Mainnet Address: Coming Soon
Testnet Address: 0xcfc8330f4bcab529c625d12781b1c19466a9fc8b
Starting today, developers can start to experiment with fund flows on Pharos by getting free testnet USDC from Circle’s Faucet.
Stay tuned for the launch
These upcoming integrations are important developments for the Pharos ecosystem, and we will share more exciting details as the mainnet launch approaches. Follow the journey on Discord or X to stay up to date on the latest Circle news.
1 USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
2 Circle Mint customers are able to redeem USDC directly from Circle. In addition, Circle will redeem all USDC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.
3 Circle Mint and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here. Circle Mint is currently available only to institutions and is not available to individuals.
