Citrea Launches ctUSD Stablecoin for Bitcoin Ecosystem
- Citrea has introduced ctUSD, a 1:1 dollar-backed stablecoin, fully backed by T-bills and cash.
- The stablecoin is issued by MoonPay and powered by M0, serving as a native liquidity layer for the Bitcoin ecosystem.
- MoonPay handles issuance and redemption using US Money Transmitter Licenses, making ctUSD accessible in over 160 countries excluding Canada, the EEA, and New York.
- Users can access ctUSD through major payment methods like Visa, Mastercard, Apple Pay, and PayPal.
- Developer tools include virtual bank accounts for fiat-to-ctUSD conversion via ACH and wire transfers.
The launch of ctUSD aims to provide a unified stablecoin solution within the Bitcoin ecosystem, enhancing liquidity without relying on third-party bridges or fragmented tokens.
Source (3.2)https://cryptobriefing.com/ctusd-stablecoin-launch-citrea-moonpay/?rand=59535
