Pharos Network Designates USDC as Core Asset for Incubation Program

Integrated Financial Infrastructure

Pharos Network, a Layer-1 blockchain purpose-built for institutional-grade financial applications, has announced that USDC will be the core stablecoin for its developer ecosystem. Through the Native-to-Pharos Incubation Program, early-stage teams will gain access to USDC and Circle’s Cross-Chain Transfer Protocol (CCTP). This allows builders to facilitate near-instant, secure transfers across supported blockchains, improving capital mobility and asset integrity for RealFi applications.

By utilizing these tools, Pharos aims to reduce the structural complexity often associated with cross-chain development. USDC will provide the necessary foundation for settlement and collateral within tokenized real-world assets (RWAs) and decentralized lending markets. This approach ensures that the network operates with a highly liquid, transparently reserved asset at its center.

Scaling the RealFi Ecosystem

The incubation program is a central component of Pharos' strategy to build a global settlement layer. The network, developed by former Ant Group engineers, features a modular architecture that supports parallel execution across both EVM and WASM environments. This technical foundation, combined with the new $10 million fund, is designed to support the development of native applications that require high performance and built-in compliance capabilities.

By aligning with established stablecoin standards and securing backing from leading venture firms like Faction VC and Draper Dragon, Pharos is positioning its infrastructure to bridge the gap between traditional institutional assets and on-chain systems.