CoinVoice has learned that Citrea, a Bitcoin application layer supported by Founders Fund and Galaxy Ventures, has launched a native USD stablecoin Citrea USD (ctUSD), issued by MoonPay and supported by M0 technology, fully backed by US short-term Treasury bonds and cash.
Although Bitcoin’s market capitalization exceeds $1 trillion, most capital remains in a passive store of value due to the lack of native yield generation and transaction settlement infrastructure. Existing Bitcoin financial activities rely on bridged or externally issued stablecoins, leading to liquidity fragmentation 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 chain without the need for bridging tokens.
This stablecoin complies with the GENIUS Act regulatory guidelines and can be used in the United States (excluding New York) and over 160 other countries.
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Citrea launches government bond-backed stablecoin ctUSD, issued by MoonPay
CoinVoice has learned that Citrea, a Bitcoin application layer supported by Founders Fund and Galaxy Ventures, has launched a native USD stablecoin Citrea USD (ctUSD), issued by MoonPay and supported by M0 technology, fully backed by US short-term Treasury bonds and cash.
Although Bitcoin’s market capitalization exceeds $1 trillion, most capital remains in a passive store of value due to the lack of native yield generation and transaction settlement infrastructure. Existing Bitcoin financial activities rely on bridged or externally issued stablecoins, leading to liquidity fragmentation 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 chain without the need for bridging tokens.
This stablecoin complies with the GENIUS Act regulatory guidelines and can be used in the United States (excluding New York) and over 160 other countries.