Citrea launches its own stablecoin ctUSD

Citrea, a Bitcoin zero-knowledge rollup project, has launched its dollar-pegged stablecoin, ctUSD, CoinDesk reported. The stablecoin is backed 1:1 by short-term U.S. Treasury bills and cash. Issued by MoonPay, ctUSD is designed to serve as the liquidity standard for the Citrea ecosystem.