Citrea launches Treasury-backed stablecoin ctUSD, issued by MoonPay
According to ChainCatcher, the bitcoin application layer Citrea, supported by Founders Fund and Galaxy Ventures, has launched its native US dollar stablecoin Citrea USD (ctUSD), which is issued by MoonPay and technically supported by M0, and is fully backed by US short-term Treasury bonds and cash.
Although bitcoin's market capitalization exceeds 1 trillion US dollars, most capital remains in a passive store of value state due to the lack of native yield generation and transaction settlement infrastructure. Existing bitcoin financial activities rely on bridged or externally issued stablecoins, resulting in fragmented liquidity and increased risk. ctUSD provides a unified USD settlement layer for the bitcoin market, supporting BTC-collateralized lending, trading, and settlement directly on the bitcoin rails, without the need for bridged tokens.
This stablecoin complies with GENIUS Act regulatory guidelines and can be used in the United States (excluding New York) and over 160 countries worldwide.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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