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According to The Fintech Times, Citrea, a Bitcoin application layer project supported by Founders Fund and Galaxy Ventures, has launched its 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. ctUSD aims to provide a unified, compliant USD settlement layer for the Bitcoin-denominated market.