According to The Fintech Times, Citrea, a Bitcoin application layer project supported by Founders Fund and Galaxy Ventures, has launched a native USD stablecoin ctUSD, issued by MoonPay and supported by M0. The assets are fully backed by short-term US Treasury bonds and cash, and aligned with the upcoming GENIUS Act stablecoin regulatory framework. Citrea stated that currently, over 1 trillion USD worth of Bitcoin remains primarily as passive store of value, and ctUSD aims to provide a unified, compliant USD settlement layer for Bitcoin-denominated markets.
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According to The Fintech Times, Citrea, a Bitcoin application layer project supported by Founders Fund and Galaxy Ventures, has launched a native USD stablecoin ctUSD, issued by MoonPay and supported by M0. The assets are fully backed by short-term US Treasury bonds and cash, and aligned with the upcoming GENIUS Act stablecoin regulatory framework. Citrea stated that currently, over 1 trillion USD worth of Bitcoin remains primarily as passive store of value, and ctUSD aims to provide a unified, compliant USD settlement layer for Bitcoin-denominated markets.