Citrea rolls out ctUSD stablecoin as native liquidity layer for Bitcoin ecosystem
Citrea launched ctUSD, a 1:1 dollar-backed stablecoin, to serve as Bitcoin's native, compliant liquidity layer.Summary
Citrea, a Bitcoin application layer, has introduced ctUSD, a stablecoin pegged 1:1 to the US dollar and fully backed by T-bills and cash. Issued by MoonPay and built on M0's infrastructure, ctUSD aims to solve the fragmented liquidity and systemic risk issues currently present in the Bitcoin ecosystem by providing a native, compliant stablecoin standard. MoonPay will manage issuance and redemption using its Money Transmitter Licenses, making ctUSD accessible in over 160 countries via major payment methods like Visa and Mastercard, though excluding Canada, the EEA, and New York. Citrea also released developer tools, including virtual bank accounts supported by Iron for fiat conversions, and integrations with Swaps.xyz and Helio for cross-chain swaps and merchant payments.
(Source：Crypto Briefing)