Citrea, a Bitcoin-focused application platform backed by Peter Thiel’s Founders Fund and Galaxy Ventures, has unveiled its mainnet, opening the door for bitcoin to be used more directly across lending, trading and U.S. dollar settlement, according to an announcement on Tuesday.
The debut also includes ctUSD, a native stablecoin fully backed by short-term U.S. Treasury bills and cash. The token is issued by MoonPay, with Citrea positioning it as compliant with the GENIUS Act framework.
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The project built ctUSD as a settlement and liquidity layer that can support institutional-grade activity, natively anchored to Bitcoin rather than relying on intermediaries or wrapped BTC.
Citrea, which has raised $16.7 million across two funding rounds, is one of numerous Bitcoin-focused projects looking to
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