ZK-powered Bitcoin Layer 2 Citrea launches mainnet
ZK-powered Bitcoin Layer 2 Citrea has launched its mainnet along with its native ctUSD stablecoin.Summary
Citrea, a zero-knowledge-powered Bitcoin Layer 2 solution backed by investors like Founders Fund and Galaxy, has launched its mainnet and native stablecoin, ctUSD. The network is designed to support BTC-backed lending and structured products, enabling capital deployment directly within Bitcoin-native markets, according to co-founder and CEO Orkun Kilic. Citrea utilizes a zkEVM architecture to batch transactions off-chain, generate zero-knowledge proofs inscribed on the Bitcoin base layer, and ensures data availability on-chain, allowing its state to be recreated with a full Bitcoin node without relying on external mechanisms. The platform is integrating with DeFi providers like Morpho and UltraYield for lending, and Keyrock for structured products. Its ctUSD stablecoin, issued by MoonPay and powered by M0's infrastructure, will be fully backed by short-term US Treasury bills and cash to comply with GENIUS Act requirements. Galaxy General Partner Will Nuelle noted that Citrea strengthens Bitcoin's role by making it a more active financial asset.
(Source：The Block)