Citrea launches the government bond-backed stablecoin ctUSD, issued by MoonPay

Supported by Founders Fund and Galaxy Ventures, the Bitcoin application layer Citrea has launched its native USD stablecoin Citrea USD (ctUSD), issued by MoonPay and backed by M0 technology, fully backed by U.S. short-term Treasury bills and cash.

Despite Bitcoin's market capitalization exceeding $1 trillion, most capital remains in a passive store of value due to the lack of native yield generation and trading settlement infrastructure. Existing Bitcoin financial activities rely on bridged or externally issued stablecoins, leading to fragmented liquidity and increased risk. ctUSD provides a unified USD settlement layer for the Bitcoin market, supporting BTC-collateralized lending, trading, and settlement directly on the Bitcoin network without the need for bridging tokens.

This stablecoin complies with GENIUS Act regulatory guidelines and can be used in the U.S. (excluding New York) and over 160 other countries.