BlockBeats News, January 29 — The Bitcoin ZK-rollup project Citrea, backed by Founders Fund and Galaxy Ventures, officially launched on the mainnet, introducing BTC-collateralized DeFi lending, structured products, and the native USD stablecoin ctUSD, aiming to bring “idle Bitcoin” into a complete DeFi and payment ecosystem.
Citrea stated that during the initial phase of the mainnet, active DeFi liquidity could reach $50 million. ctUSD is issued by MoonPay, anchored 1:1 to cash and short-term US Treasuries, and is not a cross-chain asset but is natively issued on Citrea to reduce bridging risks and avoid liquidity fragmentation.
The project has also sparked renewed controversy: as block subsidies decrease, should Bitcoin miners’ fee income be supported through DeFi, stablecoins, and other non-payment uses? Supporters believe this is a sustainable demand source, while opponents emphasize that Bitcoin block space should focus on simple, censorship-resistant payments.
It is noteworthy that during the testnet phase, data availability usage on Citrea temporarily accounted for nearly 10% of Bitcoin’s monthly data bandwidth, indicating that Rollups could have a substantial impact on Bitcoin’s block space.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Citrea Bitcoin ZK Rollup mainnet launches, reigniting the battle for the blockchain space
BlockBeats News, January 29 — The Bitcoin ZK-rollup project Citrea, backed by Founders Fund and Galaxy Ventures, officially launched on the mainnet, introducing BTC-collateralized DeFi lending, structured products, and the native USD stablecoin ctUSD, aiming to bring “idle Bitcoin” into a complete DeFi and payment ecosystem.
Citrea stated that during the initial phase of the mainnet, active DeFi liquidity could reach $50 million. ctUSD is issued by MoonPay, anchored 1:1 to cash and short-term US Treasuries, and is not a cross-chain asset but is natively issued on Citrea to reduce bridging risks and avoid liquidity fragmentation.
The project has also sparked renewed controversy: as block subsidies decrease, should Bitcoin miners’ fee income be supported through DeFi, stablecoins, and other non-payment uses? Supporters believe this is a sustainable demand source, while opponents emphasize that Bitcoin block space should focus on simple, censorship-resistant payments.
It is noteworthy that during the testnet phase, data availability usage on Citrea temporarily accounted for nearly 10% of Bitcoin’s monthly data bandwidth, indicating that Rollups could have a substantial impact on Bitcoin’s block space.