Citrea, backed by Peter Thiel and Galaxy, aims to turn idle bitcoin into high-speed bank accounts.
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According to CoinWorld, Citrea, a bitcoin application platform backed by Peter Thiel's Founders Fund and Galaxy Ventures, has officially launched its mainnet, aiming to enable users to borrow, trade, and settle in US dollars more directly using bitcoin. The launched mainnet includes the ctUSD stablecoin issued by MoonPay, which is backed by short-term US Treasury bonds and cash, and can serve as a native settlement layer anchored to bitcoin. Citrea has raised $16.7 million and is committed to bringing bitcoin-backed financial activities on-chain, with over 30 applications already prepared for users.
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