Citrea unveils U.S. Treasury-backed stablecoin for its Bitcoin ecosystem

TL;DR:

The first stablecoin issued through MoonPay’s launchpad aims to solve liquidity fragmentation by issuing natively on Citrea.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.