Pharos to support Circle's USDC, CCTP on upcoming mainnet

Pharos, a Layer 1 blockchain focused on financial infrastructure, announced it will integrate Circle's USDC and Cross-Chain Transfer Protocol (CCTP) into its upcoming mainnet. The stablecoin will be utilized for tokenizing real-world assets (RWA), DeFi trading and lending, payments, and as collateral. The CCTP integration will enable cross-chain transfers between Pharos and more than 20 other blockchains. According to the announcement, this will allow developers to build lending markets, structured financial products, and global payment networks on the Pharos network. Additionally, Pharos has launched a $10 million ecosystem incubator program to support the development of dedicated applications.