Ah, the whims of fate! Citrea, with a flourish of its digital quill, hath birthed Citrea USD (ctUSD), a stablecoin of such audacity that it dares to tether itself to the almighty dollar, 1:1, no less. Issued by Moonpay and powered by the enigmatic M0, it seeks to anoint Bitcoin with the elixir of liquidity. 🌊💰
In this age of financial alchemy, Citrea proclaimeth the arrival of Citrea USD (ctUSD), a U.S. dollar-denominated stablecoin, backed by the solemn promise of short‑term U.S. Treasury bills and cash. Crafted upon M0’s universal stablecoin platform, it aspires to be the lifeblood of the Bitcoin realm. Available to the denizens of the U.S. (save for the recalcitrant New York) and over 160 other lands (Canada and the European Economic Area, alas, are left to ponder their exclusion), ctUSD seeks to bridge the chasm between onchain Bitcoin collateral and offchain fiat rails. A noble endeavor, indeed, though one wonders if it shall mend the fragmentation of our fractured financial world. 🌉🤔
With the swagger of a digital baron, ctUSD offers instant buy/sell privileges via Visa, Mastercard, Apple Pay, Google Pay, and Paypal, where the winds of regional availability permit. It boasts virtual accounts and banking rails through Moonpay’s Iron, and dances across chains with Swaps.xyz and Helio for cross‑chain swaps and merchant payments. Orkun Kilic, the sagacious co‑founder and CEO of Chainway Labs, declareth with a wink, “Liquidity on Citrea is forming now.” 🧙♂️✨ Access and distribution, of course, are bound by the chains of compliance-Moonpay’s money‑transmitter licenses in 49 U.S. states, MiCA’s nod in Europe, and the UK FCA’s watchful gaze.
🧭 FAQs
• Where shall ctUSD grace the United States with its presence? In all states but New York, where Moonpay’s licenses hold sway.
• Which regions must forgo this digital delight? Canada and the European Economic Area, alas, are left to dream.
• What treasures back ctUSD for the global masses? Short‑term U.S. Treasury bills and cash, held in trust for token holders.
• How may developers in the EU embrace ctUSD? Through M0’s platform and Moonpay’s banking APIs, provided they navigate the labyrinth of MiCA and local laws. 🧩🗺️
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2026-01-16 13:08