USDC and CCTP are coming soon to Pharos: What you need to know

Circle Internet Financial has announced that USDC and Circle Cross-Chain Transfer Protocol (CCTP) will soon be integrated into the Pharos ecosystem, a high-throughput, EVM-compatible layer-1 blockchain designed for global financial applications. This development will enhance the Pharos network by providing access to USDC, the world's largest regulated stablecoin, and facilitating secure cross-chain transfers without relying on third-party bridges. Pharos aims to support a variety of financial applications, including tokenized real-world assets and regulated DeFi trading, while ensuring compliance and performance predictability. The integration of USDC will enable capital-efficient transactions and serve as a primary settlement asset across the network. To encourage ecosystem growth, Pharos has also launched a $10 million incubator program to support developers building DeFi-focused applications.