Profile
ctUSD profile facts
Citrea USD (ctUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Variant relationship
Citrea USD (ctUSD) is modeled as a pure wrapper variant of M by M0 (M). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- The direct onchain backing is M held by the ctUSD extension on Citrea. Citrea describes the underlying reserves as cash and short-term U.S. Treasury bills; MoonPay's stablecoin terms provide for reserve assets held for token holders in segregated accounts apart from corporate funds. These sources do not establish a ctUSD-specific SPV or a token-specific GENIUS authorization.
- Peg mechanism
- 1:1 fiat-backed mint and redemption via MoonPay using M0 Protocol infrastructure; reserves cryptographically attested on-chain by independent M0 Validators before minting; fiat on/off ramp via Visa, Mastercard, Apple Pay, Google Pay, and PayPal through MoonPay's 30M+ verified user base
- Jurisdiction
- United States / MoonPay USA LLC: New York BitLicense and Money Transmitter License, complemented by money-transmission licences in 46 other U.S. jurisdictions.
- Proof of reserves
- Real-Time PoR by M0 Protocol Reserve source
- Contracts
- 1 deployment tracked across Citrea Mainnet.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
ctUSD quick answers
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What is Citrea USD (ctUSD)?
ctUSD is Citrea's native USD stablecoin issued by MoonPay on M0 Protocol, backed by U.S. Treasuries and cash with on-chain reserve attestations. The static profile records its US Dollar peg mechanism as: 1:1 fiat-backed mint and redemption via MoonPay using M0 Protocol infrastructure; reserves cryptographically attested on-chain by independent M0 Validators before minting; fiat on/off ramp via Visa, Mastercard, Apple Pay, Google Pay, and PayPal through MoonPay's 30M+ verified user base.
Is ctUSD safe?
As of Nov 8, 2026, Pharos grades ctUSD C- (50/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs ctUSD?
Pharos records ctUSD's reserves as of Aug 31, 2026 as 100% M token held by Citrea USD. Reserve evidence: Real-Time PoR by M0 Protocol. Pharos classifies the backing as Real-World Asset Backed.
Can ctUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem ctUSD?
Under the route Pharos reviewed on Aug 31, 2026, customers the issuer has verified can redeem ctUSD for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
