Search results for Citrea
Crypto
Charles Hoskinson says no dominant player in Bitcoin DeFi, sees opening for Cardano
Charles Hoskinson has pointed to Bitcoin DeFi (BTCFi) as a key growth area where Cardano can gain an early lead. He said no project currently dominates the competition and argued Cardano already has the right technology and a head start. The focus in BTCFi is bringing Bitcoin liquidity into DeFi while reducing reliance on centralised custodians and weak bridge designs. He also cited Cardano’s Midnight partner chain and recent atomic swap progress.
Crypto
Bitcoin layer2 Citrea launches mainnet, also releases stablecoin
Zero-knowledge-based Bitcoin layer2 Citrea launched its mainnet on Jan. 28, it said. The launch allows users to access services using various on-chain assets on the Bitcoin network. Citrea said it will focus on implementing core technologies including Bitcoin-based collateral use and structured asset services. It also released the ctUSD stablecoin to support swaps in its ecosystem, backed 100 percent by short-term U.S. Treasuries and cash and issued with MoonPay.
Crypto
Citrea unveils U.S. Treasury-backed stablecoin targeting Bitcoin ecosystem
Bitcoin layer-2 blockchain Citrea has launched ctUSD, a U.S. dollar-linked stablecoin intended to serve as a liquidity standard within the Citrea ecosystem. A report said it connects to the Bitcoin network via zero-knowledge proofs and is the first stablecoin issued by MoonPay, backed 1:1 by U.S. Treasuries and cash. Citrea said native issuance can reduce bridge-driven liquidity fragmentation, slippage and system risk. ctUSD is available across 49 U.S. states and many other jurisdictions.