Citrea Launches US Treasury-Backed Stablecoin to Boost Bitcoin (BTC) Ecosystem

Citrea, a layer-2 solution for Bitcoin, has announced the launch of a novel stablecoin directly backed by U.S. Treasury bonds. This strategic move aims to bring deep liquidity and institutional-grade financial primitives to the Bitcoin ecosystem. The stablecoin is designed to facilitate seamless transactions and DeFi applications on Citrea's zero-knowledge proof-based rollup, enhancing Bitcoin's utility beyond a store of value. By leveraging the credibility of U.S. Treasuries, Citrea seeks to provide a secure and stable asset for users and developers building on Bitcoin, potentially driving significant adoption and innovation within the network.