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Pharos Network, a Layer-1 blockchain, has officially integrated USDC as its primary stablecoin to strengthen its incubation program for application developers. This strategic move aims to position USDC as the backbone of the emerging app economy forming on the Pharos network. By adopting USDC, the network provides institutional-grade liquidity and a stable medium of exchange for those building decentralized applications. The collaboration with Circle, the issuer of USDC, underscores Pharos's commitment to expanding its technological ecosystem and attracting Web3 development. This integration is expected to streamline financial operations within the network and enhance trust among both users and developers. Overall, the initiative represents a significant step in fostering a robust and scalable environment for blockchain innovation.
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