Peter Thiel and Galaxy-backed Citrea wants to turn idle bitcoin into a high-speed bank account

Founders Fund and Galaxy-backed Citrea is aiming to unlock Bitcoin-denominated credit markets with a new mainnet and a Treasury-backed stablecoin designed for USD settlement. What to know : Citrea has debuted its mainnet, enabling Bitcoin-backed lending, trading and structured products directly tied to the Bitcoin network. The platform introduced ctUSD, a Treasury-backed stablecoin issued by MoonPay and designed to align with forthcoming U.S. stablecoin rules. Citrea says the rollout aims to mobilize idle BTC and provide an institutional-grade settlement layer for Bitcoin-based capital markets.(Coindesk)