Circle has announced that USDC and its Cross-Chain Transfer Protocol (CCTP) are heading to Pharos, an EVM-compatible layer-1 blockchain built around compliant financial infrastructure. The integration has no confirmed mainnet date yet, but testnet access is already live.
Pharos is a layer-1 blockchain designed for regulated financial use cases, including tokenized real-world assets (RWAs), compliant DeFi, and stablecoin-based payments.
The network runs parallel execution across both EVM and WASM environments and is built for sub-second finality and high throughput, targeting institutional and compliance-aware applications.
On Pharos, USDC is expected to function as the primary settlement and collateral asset across the ecosystem. That covers trading, payments, and onchain liquidity management, along with serving as the dollar-denominated layer for tokenized instruments like private credit, commodities, and treasuries.
CCTP adds the cross-chain layer. Rather than relying on third-party bridges or wrapped token variants, CCTP allows native USDC to move directly between Pharos and other supported blockchains.
Source: X.com
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