Citrea, Backed by Galaxy and Peter Thiel, Revolutionizes Bitcoin Banking

Citrea, supported by Peter Thiel and Galaxy, seeks to transform idle Bitcoin into a dynamic banking solution featuring a new stablecoin.

The innovative venture Citrea, which has received backing from the Founders Fund and Galaxy, is setting its sights on creating a Bitcoin-based credit market. Their strategy involves launching a new mainnet alongside a Treasury-backed stablecoin specifically designed for transactions in USD.