2026-01-21 01:09:16

Citrea, a Bitcoin application layer project supported by Founders Fund and Galaxy Ventures, has recently launched a native USD stablecoin—ctUSD. The asset backing this stablecoin is quite robust: fully backed by short-term US Treasury bonds and cash, which means it is supported by real assets.

Interestingly, Citrea has specifically aligned with the upcoming GENIUS Act stablecoin regulatory framework in the United States. This indicates that the project team considered compliance issues during product design rather than addressing them retroactively. From the perspective of asset transparency, this approach indeed leads the industry.

It is reported that ctUSD has already attracted a significant number of users. Considering the increasing competition in the stablecoin market over the past few years, Citrea’s combination of real assets and regulatory framework alignment aims to establish a stable position among many stablecoin contenders. This is also a positive signal for the healthy development of the entire stablecoin ecosystem.

BTC-1,17%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
4
Repost
Share

Comment

0/400

ProxyCollector

· 14h ago

Damn, true asset backing. This time, it might really be more than just talk. Does ctUSD really have government bonds backing it? Then we have to ask if they'll come up with some new tricks again someday. Compliance is being done in advance, unlike some projects that only think about fixing things after the fact, haha. Stablecoins are becoming so competitive that at least there's something solid to stand on. But it's easy to boast; only time will tell how long it can last. It feels like Citrea's recent bet is quite aggressive, directly challenging the regulatory framework. If it really materializes in the US, it could trigger a wave of effects. In the short term, it looks promising; in the long term, it depends on whether the ecosystem can keep up. Having a large user base is great, but the real active user count matters. Compared to those air coins, this design approach is indeed more thoughtful. The problem is, with US government bonds so tightly bound, will regulators keep an eye on it? The stablecoin battlefield has lost its novelty; it's just about who can last longer. This combo punch was well executed, but as always—position management is the most important.

View OriginalReply0

Token_Sherpa

· 14h ago

tbh, finally someone actually backing their stablecoin with real assets instead of vibes and promises. tsla bag holders could never.

Reply0

ZkProofPudding

· 15h ago

Real asset backing is indeed solid, but I'm just worried that it might turn into another storytelling story later on. U.S. Treasury-backed stablecoins, this time it feels a bit different. Is ctUSD gaining popularity? We need to see if it can hold up in the long run. Early planning of the compliance framework shows smart thinking. With so many competitors in stablecoins, can genuine assets help it stand out... U.S. Treasury backing sounds good, but we'll see if it becomes another USDC clone. Citrea's move is decent; at least it's not just air.

View OriginalReply0

MEVSandwichVictim

· 15h ago

U.S. Treasury bond backing, this time finally seeing someone seriously working on stablecoins

View OriginalReply0