Citrea has launched ctUSD, a Bitcoin-native stablecoin offered by MoonPay and made on M0’s open stablecoin infrastructure.
Citrea has also launched a user dashboard that permits users to manage assets over the ecosystem, track activity, and look out for applications.
The application layer of Bitcoin, Citrea, has rolled out its mainnet, permitting lending, trading and settlement directly on the BTC network. On January 27, the rollout was publicised, indicating a step toward widening the use of BTC beyond long-term holding into on-chain financial activity.
Citrea places itself as an application layer made particularly for BYC capital markets. Layer 1 is made to keep liquidity adhering to BTC while permitting programmable applications safeguarded by the network only.
At rollout, the network launches cBTC, a Bitcoin-supported asset to be used across decentralised apps, and ctUSD, a native stablecoin aimed at backing on-chain liquidity. As per Citrea, cBTC leverages ze
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