Key Takeaways
- Citrea debuts ctUSD to address fragmented liquidity and bridge risk in the Bitcoin ecosystem, with native issuance and M0-powered infrastructure.
- MoonPay handles compliant issuance, enabling ctUSD access across 160+ countries and integration with major payment methods.
Citrea, a Bitcoin application layer, has launched ctUSD, a 1:1 dollar-backed stablecoin fully backed by T-bills and cash. Issued by MoonPay and powered by M0, ctUSD serves as Bitcoin’s native, compliant liquidity layer.
The launch addresses Bitcoin’s lack of unified, secure, and compliant stablecoin rails. Rather than relying on third-party bridges or fragmented tokens, ctUSD is issued natively on Citrea.
“Liquidity on Citrea is forming now,” said Orkun Kilic, CEO of Chainway Labs, the company behind Citrea. “With a native, compliant standard immediately, the ecosystem won’t fragment into dozens of incompatible, risky bridged tokens, creating systemic risk before the ecosystem even matures.”
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