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Pharos Network to Add USDC and Circle CCTP on Mainnet

According to the official announcement, Pharos partnered with Circle to add USDC and CCTP for RealFi use cases, bringing dollar settlement and secure cross-chain fund transfers to its market.

USDC

Summary

Pharos officially announced a partnership with Circle to introduce USDC and Circle Cross-Chain Transfer Protocol for its RealFi market. According to the company’s official statement, the integration adds dollar settlement functionality and secure cross-chain fund transfer capabilities. The announcement reinforces Pharos’ plan to use Circle’s infrastructure to support payment and interoperability features on its network.

Terms & Concepts
  • USDC: A U.S. dollar-pegged stablecoin designed to maintain a fixed value for payments and settlement on blockchain networks.
  • CCTP: Circle’s Cross-Chain Transfer Protocol, which enables supported tokens to move natively between blockchains without using wrapped versions.
  • RealFi: A term used to describe blockchain-based financial activity tied to real-world payments, settlement, or asset use cases.