We’re excited to announce that Citrea will launch Citrea USD (ctUSD), a 1:1 fiat backed stablecoin designed to serve as the foundational liquidity layer for the Bitcoin ecosystem. ctUSD will be issued by MoonPay and powered by M0, bringing regulated stablecoin infrastructure directly to Citrea.
ctUSD is designed to address one of the core challenges in Bitcoin based finance: access to unified, native stablecoin liquidity. By combining on chain Bitcoin collateral with off chain fiat rails, ctUSD aims to reduce fragmentation and remove reliance on third party bridges, creating a more resilient foundation for developers and users.
Issued by MoonPay, ctUSD is designed to align with forthcoming GENIUS Act guidelines and leverage MoonPay’s existing regulatory and compliance framework, including U.S. state money transmitter licenses. The asset is expected to be available to users in the U.S. excluding New York and in over 160 countries globally, excluding Canada and the EEA.
“Compliance is key to responsible scaling,” said Ivan Soto Wright, co founder and CEO of MoonPay. “Citrea applies that approach by aligning regulated issuance and global distribution from the start, creating safe and accessible ways for users to engage with the Bitcoin ecosystem.”
ctUSD will also unlock a broader set of tools for developers building on Citrea. These include virtual USD accounts powered by Iron, a MoonPay company, which will enable seamless auto ramping from fiat into ctUSD. Additional integrations are planned to support cross chain liquidity and merchant payments.
ctUSD will be available at the launch of the Citrea Mainnet, with initial access through DEX liquidity on Citrea and direct minting via Iron for larger orders.
By issuing ctUSD, MoonPay continues to support application specific stablecoins that combine regulated issuance, global distribution, and real world usability for emerging blockchain ecosystems.