Source: CryptoNewsNet
Original Title: Citrea rolls out ctUSD stablecoin as native liquidity layer for Bitcoin ecosystem
Original Link: https://cryptonews.net/news/altcoins/32284845/
Citrea, a Bitcoin application layer, has launched ctUSD, a 1:1 dollar-backed stablecoin fully backed by T-bills and cash. Issued by a compliant payment platform 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.”
The compliant payment platform will handle issuance and redemption using its Money Transmitter Licenses. The stablecoin will be available to users through Visa, Mastercard, Apple Pay, and PayPal.
Citrea also rolled out developer tools including virtual bank accounts supported by Iron for fiat-to-ctUSD conversion via ACH and wire transfers. Integrations with Swaps.xyz and Helio enable non-custodial cross-chain swaps and merchant payment support.
Initial access routes include Ethereum-based stablecoin swaps, Citrea-native DEX pools, onramp services, and direct minting for large orders.
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Citrea Launches ctUSD Stablecoin as Native Liquidity Layer for Bitcoin Ecosystem
Source: CryptoNewsNet Original Title: Citrea rolls out ctUSD stablecoin as native liquidity layer for Bitcoin ecosystem Original Link: https://cryptonews.net/news/altcoins/32284845/ Citrea, a Bitcoin application layer, has launched ctUSD, a 1:1 dollar-backed stablecoin fully backed by T-bills and cash. Issued by a compliant payment platform 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.
The compliant payment platform will handle issuance and redemption using its Money Transmitter Licenses. The stablecoin will be available to users through Visa, Mastercard, Apple Pay, and PayPal.
Citrea also rolled out developer tools including virtual bank accounts supported by Iron for fiat-to-ctUSD conversion via ACH and wire transfers. Integrations with Swaps.xyz and Helio enable non-custodial cross-chain swaps and merchant payment support.
Initial access routes include Ethereum-based stablecoin swaps, Citrea-native DEX pools, onramp services, and direct minting for large orders.