Experience the power of USDC on Pharos
Pharos is an EVM-compatible Layer-1 (L1) blockchain designed for compliant financial applications at scale. Featuring high-throughput and fast-finality settlement, this L1 network enables tokenized real-world assets (RWAs), DeFi trading and lending, stablecoin payments, and other powerful use cases.
Benefits of USDC on Pharos
USDC on Pharos provides a trusted core asset that can be used for RWAs, trading, lending, payments, and other onchain activity. USDC on Pharos offers:
- A regulated,2 fully reserved stablecoin redeemable 1:1 for US dollars3
- Institutional fiat on/offramps with Circle Mint4 for qualified businesses
- Crosschain liquidity access and easy integrations into Pharos apps
Users can access USDC on Pharos via supported exchanges and ecosystem apps. Qualified businesses can also directly access USDC on Pharos from a Circle Mint account.4 Regardless of your path, it’s simple to get started.
Open a Circle Mint account
Submit your business information and we’ll initiate the account opening process.
Create a deposit
Once approved, you can deposit funds into your Circle Mint account via wire transfer. Funds will seamlessly settle in USDC.
Choose USDC on Pharos
You can use a Circle Mint account to directly convert fiat to USDC on Pharos, and easily convert back to fiat the same way. Circle Mint also enables you to swap USDC across supported blockchains without needing a third-party bridge. USDC on Pharos is redeemable 1:1 for US dollars.3
FAQs
Pharos is designed as an inclusive financial Layer 1 for RealFi, where real value and institutional-grade assets circulate onchain and are composable with decentralized assets, becoming the new infrastructure of global finance for all. Pharos is intended to combine modular architecture, deep-parallel execution, and built-in compliance to power real-time finance onchain.
Circle Mint4 enables qualified businesses to redeem USDC 1:1 for USD.3 Developers and end users can also convert USDC to USD through digital wallets, exchanges, and fiat on/offramp providers.
Yes, USDC on Pharos can be easily swapped to USDC on other supported blockchain with Circle Mint and its API tools.
Swap USDC
across chains
Programmatically move USDC from one chain to another. Circle APIs make it easy for wallets, exchanges, custodians and more to rebalance their holdings of USDC across supported chains at no additional cost.
Maximize your vision. Do more with USDC.
As an open-source, programmable dollar with global reach, USDC is powerful market infrastructure you can begin building with immediately. Developers leverage Circle APIs to do even more with USDC.
2. USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
3. 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.
4. Circle Mint and money transmission services are provided by Circle Internet Financial, LLC, NMLS # 1201441, and Circle Internet Financial Europe SAS, Electronic Money Institution License No. 17788, when provided in France. A list of Circle’s regulatory authorizations can be found here. Circle Mint is currently available only to institutions and is not available to individuals.