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Citrea Unveils Treasury-Backed ctUSD Stablecoin for Bitcoin Settlement

The ctUSD, issued by MoonPay, is backed by U.S. short-term Treasuries and cash, aiming to mobilize $1 trillion in idle Bitcoin capital.

BTC

Summary

Citrea has launched ctUSD, a stablecoin backed entirely by U.S. short-term Treasuries and cash, and issued by MoonPay. The project targets unlocking $1 trillion in unused Bitcoin capital by creating a unified U.S. dollar settlement layer for Bitcoin. ctUSD will enable BTC-collateralized lending and trading while aligning with GENIUS Act guidance.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to reduce price volatility.
  • BTC-collateralized lending: A loan arrangement in which Bitcoin is used as collateral to secure the borrowed funds.
  • GENIUS Act: Legislation providing guidelines for innovation and use of blockchain-based financial technologies.