ctUSD

Citrea

2026-09-10 04:30:00

Citrea restores cross-chain services for ctUSD, USDC, USDT, WBTC and CTR after review

Bitcoin ZK Rollup project Citrea said it has restored cross-chain services for ctUSD, USDC, USDT, WBTC and CTR after completing a full review. The team added that some Solver-based routing remains in the process of coming back online. The update follows a security incident involving third-party application Zentra Finance, where the team said it had identified the root cause and paused the related contracts. Citrea said its own protocol and cross-chain bridge contracts were not affected. The project also said it will separately disclose the impact of the incident on ecosystem products including the ctUSD Earn Vault, as well as on depositors. The statement was reported by ChainCatcher.

750

Citrea

2026-09-09 15:00:52

Citrea suspends bridging for select assets after Zentra Finance security incident

Bitcoin ZK-rollup project Citrea said it has temporarily suspended bridge transfers for ctUSD, USDC, USDT, WBTC and CTR after a security incident involving third-party application Zentra Finance. The move was described as precautionary. Citrea said its core protocol and bridge contracts were not affected by the incident, and funds held outside Zentra Finance were not impacted. It also said the rest of the network remains operational. The team is now investigating the incident together with the Zentra team and said bridging services for the affected assets will resume once safety is confirmed. Citrea added that it will continue to share updates as the investigation progresses.

750

Citrea

2026-08-19 20:46:55

Citrea adds MoonPay on-ramp and off-ramp support for ctUSD

Citrea has launched a fiat on-ramp and off-ramp for its ctUSD stablecoin through a partnership with MoonPay, opening direct fiat-to-ctUSD access for users in more than 120 countries and regions. The integration is designed to connect the Bitcoin ecosystem with the fiat system through a simpler entry route. According to the announcement cited by Techub, ctUSD is supported by M0 infrastructure and is fully backed by U.S. dollars and short-term U.S. Treasury bills. Citrea said the stablecoin is intended to provide base liquidity for Bitcoin applications. The report also noted that ctUSD’s peak supply has exceeded 24 million tokens. Citrea said the MoonPay integration is expected to lower the barrier for users entering Bitcoin capital markets.

1170

Bitcoin

2026-07-04 04:00:14

Citrea Mainnet Goes Live to Bring Lending, Trading, and Dollar Settlement to Bitcoin

Citrea, a Bitcoin application platform backed by Founders Fund and Galaxy Ventures, has launched its mainnet with the goal of enabling lending, trading, and broader capital market activity directly on Bitcoin. Alongside the launch, the company introduced ctUSD, a U.S. dollar-denominated stablecoin issued by MoonPay and powered by M0. According to the announcement, ctUSD is fully backed by short-term U.S. Treasury bills and cash, and is designed to align with the forthcoming GENIUS Act, making it a compliance-oriented settlement layer for Bitcoin-based financial activity. The article also highlights a major inefficiency in Bitcoin’s current economy: despite an approximately $1.3 trillion market capitalization, more than 61% of BTC, worth an estimated $1.2 trillion, has not moved in over a year. Citrea is initially focusing on BTC-backed lending and BTC structured products, working with Morpho, UltraYield by Edge Capital, and market makers such as Keyrock. The company says more than 30 Bitcoin-native applications are ready to launch, targeting both institutional and retail use cases while potentially strengthening miner incentives through increased transaction-driven activity.

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