Citrea, a Layer 2 solution on Bitcoin backed by Founders Fund and Galaxy, officially launches its mainnet along with the native stablecoin ctUSD. This platform uses zero-knowledge rollup technology, focusing on two core product areas: Bitcoin collateralized lending and structured financial products.
According to the development team, Citrea enables direct deployment, management, and settlement of capital within the Bitcoin ecosystem, while ctUSD acts as a bridge to the traditional financial system, supporting credit and lending activities for organizations. In the DeFi sector, Citrea partners with Morpho, Edge Capital, and Keyrock to build lending infrastructure and BTC-based financial products, along with more than 30 other Bitcoin-native applications.
Citrea handles off-chain transactions using zkEVM and records proofs on the Bitcoin blockchain to ensure on-chain data integrity. The stablecoin ctUSD, issued by MoonPay, is fully collateralized by US Treasury short-term bonds and cash, compliant with the GENIUS Act regulations.
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