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Before he was killed, priest in Lebanon declared: ‘We will remain until death’ #Catholic In recent days, Christian villages in southern Lebanon have drawn widespread attention across media and social networks, praised for their resilience and peaceful resistance as many residents chose to remain in their homes despite the dangers of ongoing hostilities. But on Monday, that resilience took a tragic turn. What had become a symbol of persistence turned into a scene of martyrdom, when a Catholic parish priest was killed in an Israeli strike that hit the border village of Qlayaa in southern Lebanon. Father Pierre Al Rahi, who had chosen to remain with his parishioners, died alongside the community he refused to abandon.According to local media reports, Hezbollah militants infiltrated the Christian town, turning it into a target for Israeli airstrikes. Residents alerted Rahi, who reportedly went to confront them and ask them to leave the village. The strike that killed him occurred around the same time.In one of his last television interviews before the strike, Rahi said: “We will remain here until death.”It was not the first time he had expressed such determination. During a previous round of the war in 2024, speaking from the same village of Qlayaa, he said: “We will not leave. We are projects of martyrdom, and we will not abandon our land.”His death sparked strong reactions among Lebanon’s Christian community, particularly from political and religious leaders. Fingers were pointed at both Israel and Hezbollah. In a statement, Lebanese Forces leader Samir Geagea confirmed that Hezbollah fighters had infiltrated the village of Qlayaa, triggering Israeli strikes that led to Rahi’s death.Father Dani Dergham, known for his political activism, wrote on X that during both the current war and previous rounds of fighting, Rahi had repeatedly warned about the presence of armed men among the peaceful residents of his town.Meanwhile, a video also circulated online showing Father Hanna Khoury, another priest from Qlayaa, saying that anyone whose presence or activities in the village are unknown should be considered a threat to the community, reflecting fears among residents about the infiltration of Hezbollah militants into the town.Rahi was not the only victim of the strikes. Several residents were injured, and earlier, community pages from Christian villages in southern Lebanon also announced the death of a Christian farmer, Sami Youssef Al-Ghafri — from the nearby town of Alma Al-Shaab — who was killed in the shelling.Christian residents of southern Lebanon have also been calling for the deployment of the Lebanese Army in their towns. They say they wish to remain on their land, fearing that if they evacuate, Hezbollah could use their villages to launch rockets, exposing them to destruction. Some also express concern that if Israel launches a ground operation, displacement could lead to the loss of their land.
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Before he was killed, priest in Lebanon declared: ‘We will remain until death’ #Catholic In recent days, Christian villages in southern Lebanon have drawn widespread attention across media and social networks, praised for their resilience and peaceful resistance as many residents chose to remain in their homes despite the dangers of ongoing hostilities. But on Monday, that resilience took a tragic turn. What had become a symbol of persistence turned into a scene of martyrdom, when a Catholic parish priest was killed in an Israeli strike that hit the border village of Qlayaa in southern Lebanon. Father Pierre Al Rahi, who had chosen to remain with his parishioners, died alongside the community he refused to abandon.According to local media reports, Hezbollah militants infiltrated the Christian town, turning it into a target for Israeli airstrikes. Residents alerted Rahi, who reportedly went to confront them and ask them to leave the village. The strike that killed him occurred around the same time.In one of his last television interviews before the strike, Rahi said: “We will remain here until death.”It was not the first time he had expressed such determination. During a previous round of the war in 2024, speaking from the same village of Qlayaa, he said: “We will not leave. We are projects of martyrdom, and we will not abandon our land.”His death sparked strong reactions among Lebanon’s Christian community, particularly from political and religious leaders. Fingers were pointed at both Israel and Hezbollah. In a statement, Lebanese Forces leader Samir Geagea confirmed that Hezbollah fighters had infiltrated the village of Qlayaa, triggering Israeli strikes that led to Rahi’s death.Father Dani Dergham, known for his political activism, wrote on X that during both the current war and previous rounds of fighting, Rahi had repeatedly warned about the presence of armed men among the peaceful residents of his town.Meanwhile, a video also circulated online showing Father Hanna Khoury, another priest from Qlayaa, saying that anyone whose presence or activities in the village are unknown should be considered a threat to the community, reflecting fears among residents about the infiltration of Hezbollah militants into the town.Rahi was not the only victim of the strikes. Several residents were injured, and earlier, community pages from Christian villages in southern Lebanon also announced the death of a Christian farmer, Sami Youssef Al-Ghafri — from the nearby town of Alma Al-Shaab — who was killed in the shelling.Christian residents of southern Lebanon have also been calling for the deployment of the Lebanese Army in their towns. They say they wish to remain on their land, fearing that if they evacuate, Hezbollah could use their villages to launch rockets, exposing them to destruction. Some also express concern that if Israel launches a ground operation, displacement could lead to the loss of their land.

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Father Pierre Rahi, a shepherd who refused to leave Southern Lebanon, was killed in Israeli strike.

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This is Pope Leo XIV’s prayer intention for the month of March #Catholic Pope Leo XIV’s prayer intention for the month of March is for disarmament and peace.In a video released on X, the Holy Father posed a question to the faithful: “Would you imagine what a world without wars would be like? A world without the terror of approaching explosions? Without rocket alarms shattering the silence of the night?”“Please join me in prayer this month for disarmament and peace,” he said.In the full video shared on the Pope’s Worldwide Prayer Network website, Pope Leo recites an original prayer written specifically for this month’s prayer intention.Here is the pope’s full prayer:Lord of Life,you shaped every human being in your image and likeness.We believe you created us for communion, not for war,for fraternity, not for destruction.You who greeted your disciples saying, “Peace be with you,”grant us the gift of your peaceand the strength to make it a reality in history.Today we lift up our prayer for peace in the world,asking that nations renounce weaponsand choose the path of dialogue and diplomacy.Disarm our hearts of hatred, resentment, and indifference,so we may become instruments of reconciliation.Help us understand that true securitydoes not come from control fueled by fear,but from trust, justice, and solidarity among peoples.Lord, enlighten the leaders of the nations,so they may have the courage to abandon projects of death,halt the arms race,and place the lives of the most vulnerable at the center.May the nuclear threat never again dictate the future of humanity.Holy Spirit,make us faithful and creative builders of daily peace:in our hearts, our families,our communities, and our cities.May every kind word, every gesture of reconciliation,and every choice for dialogue be seeds of a new world.Amen.“Pray with the Pope” is accessible on the Pope’s Worldwide Prayer Network website and its digital platforms.
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This is Pope Leo XIV’s prayer intention for the month of March #Catholic Pope Leo XIV’s prayer intention for the month of March is for disarmament and peace.In a video released on X, the Holy Father posed a question to the faithful: “Would you imagine what a world without wars would be like? A world without the terror of approaching explosions? Without rocket alarms shattering the silence of the night?”“Please join me in prayer this month for disarmament and peace,” he said.In the full video shared on the Pope’s Worldwide Prayer Network website, Pope Leo recites an original prayer written specifically for this month’s prayer intention.Here is the pope’s full prayer:Lord of Life,you shaped every human being in your image and likeness.We believe you created us for communion, not for war,for fraternity, not for destruction.You who greeted your disciples saying, “Peace be with you,”grant us the gift of your peaceand the strength to make it a reality in history.Today we lift up our prayer for peace in the world,asking that nations renounce weaponsand choose the path of dialogue and diplomacy.Disarm our hearts of hatred, resentment, and indifference,so we may become instruments of reconciliation.Help us understand that true securitydoes not come from control fueled by fear,but from trust, justice, and solidarity among peoples.Lord, enlighten the leaders of the nations,so they may have the courage to abandon projects of death,halt the arms race,and place the lives of the most vulnerable at the center.May the nuclear threat never again dictate the future of humanity.Holy Spirit,make us faithful and creative builders of daily peace:in our hearts, our families,our communities, and our cities.May every kind word, every gesture of reconciliation,and every choice for dialogue be seeds of a new world.Amen.“Pray with the Pope” is accessible on the Pope’s Worldwide Prayer Network website and its digital platforms.

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In a video released on X, the Holy Father posed a question to the faithful: “Would you imagine what a world without wars would be like? A world without the terror of approaching explosions?”

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Ave Maria University to open campus in Ireland #Catholic Here is a round up of recent Catholic-education-related news:Ave Maria University to open campus in IrelandAve Maria University, a Catholic liberal arts university in Florida, is opening a new campus at a former monastery in rural Ireland, according to an announcement on its website.The new campus will be in County Waterford in the southern region of Ireland at the former Cistercian monastery of Mount Melleray near Cappoquin, the university announced in a video. The abbey closed in January 2025 after almost two centuries.The video announcement pledged that the new campus would be “a fully integrated Ave Maria University experience now embedded in the rich Catholic and cultural heritage of Europe.”Diocese of Brooklyn to close 7 struggling schools Seven Catholic schools will be closing in June in the Diocese of Brooklyn, New York, due to financial challenges and enrollment declines, the diocese announced Feb. 11.The seven schools closing are: Sacred Heart Catholic Academy, Cambria Heights; St. Bartholomew Catholic Academy in Elmhurst; St. Nicholas of Tolentine Catholic Academy in Jamaica; Incarnation Catholic Academy in Queens Village; St. Thomas the Apostle Catholic Academy in Woodhaven; St. Elizabeth Catholic Academy in Ozone Park; and Our Lady of Trust Catholic Academy in Canarsie.“Our responsibility is both pastoral and practical,” said Deacon Kevin McCormack, superintendent of schools for the diocese. “We will walk with our families and employees through this process while continuing to strengthen Catholic education throughout Brooklyn and Queens.”The enrollment decline has been ongoing since 2019, with a sharp decline from 2024 to 2025, according to the diocese newspaper.The diocese has a website to help families facilitate transferring to nearby Catholic schools.Thomas Aquinas College celebrates 100 alumni priestsA Catholic liberal arts college in California with an East Coast satellite location in Massachusetts celebrated its 100th alumni priest.Priest alumni of Thomas Aquinas College include 11 Benedictines, nine Dominicans, eight Norbertines, and 40 diocesan priests, among others, according to a Feb. 12 press release shared with EWTN News.Thomas Aquinas College has a combined enrollment of about 500 students and is designed to be an intentionally small community.“We are deeply honored to have played some small part in these men’s formation, and we pray for their ministry and witness as they serve Christ’s people throughout the world,” President Paul O’Reilly said in a statement shared with EWTN News.The four newest priests were ordained in 2024 at three separate ordination masses.
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Ave Maria University to open campus in Ireland #Catholic Here is a round up of recent Catholic-education-related news:Ave Maria University to open campus in IrelandAve Maria University, a Catholic liberal arts university in Florida, is opening a new campus at a former monastery in rural Ireland, according to an announcement on its website.The new campus will be in County Waterford in the southern region of Ireland at the former Cistercian monastery of Mount Melleray near Cappoquin, the university announced in a video. The abbey closed in January 2025 after almost two centuries.The video announcement pledged that the new campus would be “a fully integrated Ave Maria University experience now embedded in the rich Catholic and cultural heritage of Europe.”Diocese of Brooklyn to close 7 struggling schools Seven Catholic schools will be closing in June in the Diocese of Brooklyn, New York, due to financial challenges and enrollment declines, the diocese announced Feb. 11.The seven schools closing are: Sacred Heart Catholic Academy, Cambria Heights; St. Bartholomew Catholic Academy in Elmhurst; St. Nicholas of Tolentine Catholic Academy in Jamaica; Incarnation Catholic Academy in Queens Village; St. Thomas the Apostle Catholic Academy in Woodhaven; St. Elizabeth Catholic Academy in Ozone Park; and Our Lady of Trust Catholic Academy in Canarsie.“Our responsibility is both pastoral and practical,” said Deacon Kevin McCormack, superintendent of schools for the diocese. “We will walk with our families and employees through this process while continuing to strengthen Catholic education throughout Brooklyn and Queens.”The enrollment decline has been ongoing since 2019, with a sharp decline from 2024 to 2025, according to the diocese newspaper.The diocese has a website to help families facilitate transferring to nearby Catholic schools.Thomas Aquinas College celebrates 100 alumni priestsA Catholic liberal arts college in California with an East Coast satellite location in Massachusetts celebrated its 100th alumni priest.Priest alumni of Thomas Aquinas College include 11 Benedictines, nine Dominicans, eight Norbertines, and 40 diocesan priests, among others, according to a Feb. 12 press release shared with EWTN News.Thomas Aquinas College has a combined enrollment of about 500 students and is designed to be an intentionally small community.“We are deeply honored to have played some small part in these men’s formation, and we pray for their ministry and witness as they serve Christ’s people throughout the world,” President Paul O’Reilly said in a statement shared with EWTN News.The four newest priests were ordained in 2024 at three separate ordination masses.

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Ave Maria University, a Catholic liberal arts university in Florida, is opening a new campus at a former monastery in rural Ireland. Learn more in this Catholic education news roundup.

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U.S. clergy celebrate Masses in detention centers, urging humane treatment #Catholic U.S. Catholic clergy are bringing the sacraments to the nation’s immigrant detention centers, celebrating Masses and urging humane treatment for those held inside. As part of this effort, pastoral visits are aimed at ensuring detainees can access the Eucharist and receive spiritual support.In California, Bishop Joseph Brennan of the Diocese of Fresno is set to celebrate Mass on Feb. 15 at the California City Detention Facility, the state’s largest ICE center. While the diocese regularly provides sacraments in prisons and detention sites, this will be Brennan’s first Mass inside an ICE facility.In Oregon, Archbishop Alexander Sample of Portland issued a Feb. 12 statement stressing the Church’s duty to safeguard detainees’ access to the sacraments and voicing concern about large‑scale deportations. “I just feel very strongly about this, that there has to be a better solution to solving the immigration problems we have in the United States,” he said.In December 2025, seven bishops celebrated Mass at the Adelanto ICE Processing Center in California.Chandler Marquez, director of public affairs and innovation at the Fresno Diocese, told EWTN News that there are “people who are in the facility [who] want the sacrament — they want the spiritual accompaniment,” which they are not able to access as frequently while in detention.Los Angeles Auxiliary Bishop Brian Nunes and Father Kris Sorenson, pastor of Our Lady of Lourdes in California City, will join for the Mass.With President Donald Trump’s mass deportation efforts still ongoing, Marquez said “the current climate has certainly motivated” Brennan’s decision to celebrate Mass at the facility. He said the bishop has been “vocal about the promotion of human dignity” for migrants.In January 2025, Brennan issued an open letter on “immigration challenges,” in which he said “it seemed as if we took a step back as a society, and the old days of immigration sweeps were upon us once again” when he saw the uptick of immigration enforcement within his diocese.“Our people are being asked to produce proof of citizenship, and it seems as if the request is based on how they look and how they speak,” he said at the time. “That is not, by way of example, going after hardened criminals or drug dealers which, I hope, none of us would take exception to. It is going after people who, rightly or wrongly, were allowed to cross a border and who are now being subjected to tactics that are causing much fear and anxiety among my people. It is an insult to human dignity, and it is simply wrong.” Bishop Joseph V. Brennan of Fresno, California. | Credit: Screenshot of Diocese of Fresno YouTube video Marquez noted the diocese has the largest detention facility and the “largest amount of prisons and detention centers” in the state, which is why the ministry at prisons and detention centers is “a very, very big part of our diocese.”“Our chaplains have a great relationship with the prisons and detention centers within our dioceses,” he said, adding that the diocese has not run into problems gaining access to the facilities to provide religious services.The Department of Homeland Security (DHS), which operates ICE, said it encourages clergy to request accommodations for religious services at long-term ICE detention centers.Catholic clergy ran into obstacles several times last year when trying to administer sacraments at an ICE field office in Broadview, Illinois, where detainees are processed. A federal judge said Feb. 12 that DHS must provide accommodations to ensure Catholic clergy could provide ashes and Communion for detainees on Ash Wednesday, Feb. 18.
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U.S. clergy celebrate Masses in detention centers, urging humane treatment #Catholic U.S. Catholic clergy are bringing the sacraments to the nation’s immigrant detention centers, celebrating Masses and urging humane treatment for those held inside. As part of this effort, pastoral visits are aimed at ensuring detainees can access the Eucharist and receive spiritual support.In California, Bishop Joseph Brennan of the Diocese of Fresno is set to celebrate Mass on Feb. 15 at the California City Detention Facility, the state’s largest ICE center. While the diocese regularly provides sacraments in prisons and detention sites, this will be Brennan’s first Mass inside an ICE facility.In Oregon, Archbishop Alexander Sample of Portland issued a Feb. 12 statement stressing the Church’s duty to safeguard detainees’ access to the sacraments and voicing concern about large‑scale deportations. “I just feel very strongly about this, that there has to be a better solution to solving the immigration problems we have in the United States,” he said.In December 2025, seven bishops celebrated Mass at the Adelanto ICE Processing Center in California.Chandler Marquez, director of public affairs and innovation at the Fresno Diocese, told EWTN News that there are “people who are in the facility [who] want the sacrament — they want the spiritual accompaniment,” which they are not able to access as frequently while in detention.Los Angeles Auxiliary Bishop Brian Nunes and Father Kris Sorenson, pastor of Our Lady of Lourdes in California City, will join for the Mass.With President Donald Trump’s mass deportation efforts still ongoing, Marquez said “the current climate has certainly motivated” Brennan’s decision to celebrate Mass at the facility. He said the bishop has been “vocal about the promotion of human dignity” for migrants.In January 2025, Brennan issued an open letter on “immigration challenges,” in which he said “it seemed as if we took a step back as a society, and the old days of immigration sweeps were upon us once again” when he saw the uptick of immigration enforcement within his diocese.“Our people are being asked to produce proof of citizenship, and it seems as if the request is based on how they look and how they speak,” he said at the time. “That is not, by way of example, going after hardened criminals or drug dealers which, I hope, none of us would take exception to. It is going after people who, rightly or wrongly, were allowed to cross a border and who are now being subjected to tactics that are causing much fear and anxiety among my people. It is an insult to human dignity, and it is simply wrong.” Bishop Joseph V. Brennan of Fresno, California. | Credit: Screenshot of Diocese of Fresno YouTube video Marquez noted the diocese has the largest detention facility and the “largest amount of prisons and detention centers” in the state, which is why the ministry at prisons and detention centers is “a very, very big part of our diocese.”“Our chaplains have a great relationship with the prisons and detention centers within our dioceses,” he said, adding that the diocese has not run into problems gaining access to the facilities to provide religious services.The Department of Homeland Security (DHS), which operates ICE, said it encourages clergy to request accommodations for religious services at long-term ICE detention centers.Catholic clergy ran into obstacles several times last year when trying to administer sacraments at an ICE field office in Broadview, Illinois, where detainees are processed. A federal judge said Feb. 12 that DHS must provide accommodations to ensure Catholic clergy could provide ashes and Communion for detainees on Ash Wednesday, Feb. 18.

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Archbishop Alexander Sample issued a statement stressing the Church’s duty to safeguard detainees’ access to the sacraments.

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What to expect at the New York Encounter, ‘Where Everything Is Waiting for You’ #Catholic The annual three-day cultural event hosted by Communion and Liberation, a movement within the Church founded by Father Luigi Giussani, begins this Friday evening with a video message from Cardinal Pierbattista Pizzaballa.This year’s New York Encounter will center on the theme “Where Everything Is Waiting for You,” focusing on “the reemerging human desire for authentic belonging amid global isolation, emphasizing how freedom, truth, forgiveness, and dignity foster certainty and openness in true community.”The event is set to take place Feb. 13–15 at the Metropolitan Pavilion in New York City’s Chelsea neighborhood. Several of the presentations will be livestreamed, but for those who wish to attend in person, the event is free and open to all.Holly Peterson, one of the event’s moderators, told “EWTN News Nightly” on Feb. 10 that amid life’s challenges and “the angst of the world we live in,” the New York Encounter is “a place to go where everything is waiting for you.”“We’ll have amazing speakers who will be able to address some of the challenges that we have today, whether it be social media or AI or whatnot,” she said. “But it’s a place where everyone is welcome.”Peterson said the Latin patriarch of Jerusalem has recorded a “phenomenal” video that will be aired at the event. She further highlighted several panels and discussions set to take place at the event, including one on just war theory and another featuring Bishop Earl Fernandes of Columbus, Ohio, who will be interviewing two Ukrainian bishops about the situation on the ground in Ukraine.Dialogue and reflection will focus on urgent questions shaping common life, according to the event’s website. The Encounter plans to bring together leading voices from culture, academia, faith, and the arts to explore how human flourishing is possible in today’s world.Peterson said she hopes participants will leave the event with “curiosity” and motivated to ask “deep questions and not necessarily find answers, but to be able to address some of the topics that are discussed with friends and family.”“There’ll be thousands of people there, but it’s all free and everyone will be welcome,” she said.
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What to expect at the New York Encounter, ‘Where Everything Is Waiting for You’ #Catholic The annual three-day cultural event hosted by Communion and Liberation, a movement within the Church founded by Father Luigi Giussani, begins this Friday evening with a video message from Cardinal Pierbattista Pizzaballa.This year’s New York Encounter will center on the theme “Where Everything Is Waiting for You,” focusing on “the reemerging human desire for authentic belonging amid global isolation, emphasizing how freedom, truth, forgiveness, and dignity foster certainty and openness in true community.”The event is set to take place Feb. 13–15 at the Metropolitan Pavilion in New York City’s Chelsea neighborhood. Several of the presentations will be livestreamed, but for those who wish to attend in person, the event is free and open to all.Holly Peterson, one of the event’s moderators, told “EWTN News Nightly” on Feb. 10 that amid life’s challenges and “the angst of the world we live in,” the New York Encounter is “a place to go where everything is waiting for you.”“We’ll have amazing speakers who will be able to address some of the challenges that we have today, whether it be social media or AI or whatnot,” she said. “But it’s a place where everyone is welcome.”Peterson said the Latin patriarch of Jerusalem has recorded a “phenomenal” video that will be aired at the event. She further highlighted several panels and discussions set to take place at the event, including one on just war theory and another featuring Bishop Earl Fernandes of Columbus, Ohio, who will be interviewing two Ukrainian bishops about the situation on the ground in Ukraine.Dialogue and reflection will focus on urgent questions shaping common life, according to the event’s website. The Encounter plans to bring together leading voices from culture, academia, faith, and the arts to explore how human flourishing is possible in today’s world.Peterson said she hopes participants will leave the event with “curiosity” and motivated to ask “deep questions and not necessarily find answers, but to be able to address some of the topics that are discussed with friends and family.”“There’ll be thousands of people there, but it’s all free and everyone will be welcome,” she said.

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Communion and Liberation’s annual cultural event, the New York Encounter, will begin Friday in the heart of New York City.

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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of 6,000 in October 2025. Currently, one bitcoin is valued at about ,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around 4 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.
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Catholic digital assets company about to mint its first stablecoin #Catholic On March 15, a Catholic digital assets company known as Crescite Innovation Corporation will mint its first stablecoin, called Catholic USD.Stablecoins such as Catholic USD are a type of digital asset that is backed by and will have a 1-to-1 value equivalence with the U.S. dollar (and are not to be confused with cryptocurrencies like bitcoin).Catholic USDs can be used to make purchases from or donations to Catholic organizations the same way they would with any other payment method stored in smartphone wallets.Donations and other financial transactions can take place all over the world and will be nearly instantaneous, fee-free, and secure, thanks to blockchain technology, Eddie Cullen, co-founder of Crescite, told EWTN News.With blockchain technology, which has enabled the development of unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins, traditional banks are no longer required to transfer or store money because all transactions are transparent and verifiable through the blockchain, which securely links together “blocks” of digital records.“Traditional banks are like Blockbuster video, and digital assets are like the streaming services we all use today,” Cullen said.“People will no longer need traditional banks, thanks to this new technology,” he continued.Cullen and his co-founder, Karl Kilb III, started Crescite “because we love the Church,” Cullen said. “We want Catholics to be at the forefront of this new technology, and we’re using it to enable greater access to resources for people and to do good.”“The only difference between us and banks is that they take your money and leverage it to make a profit,” Cullen said. “What we’re doing is we’re taking that leverage, and we’re giving it away to Catholic institutions and causes.”“We created Crescite to be at the intersection of faith and technology, using innovation to help those in need, and society as a whole,” Kilb said. “The Catholic community is global, with numerous organizations, projects, and causes that need sustainable, transparent funding, and we are leveraging blockchain technology to build such an ecosystem.”When a person buys Catholic USD, Crescite will invest that money in vehicles including U.S. Treasury bonds and will put 100% of that yield into a charity fund known as the Catholic Global Mercy Trust.The trust will fund Catholic poverty relief efforts, hospitals, schools, and other causes all over the world.“When we look at our work, it’s really a Catholic digital asset ecosystem,” Cullen said. “We have our stablecoin, and we are going to build upon that.”The money Crescite takes in through the sale of Catholic USD will be custodied, or held, in a digital wallet by a financial technology company known as BitGo, which in January completed its initial public offering (IPO) and began trading on the New York Stock Exchange. It is also chartered under U.S. law and authorized by the Office of the Comptroller of the Currency. BitGo is “the platform that’s issuing the stablecoin,” Cullen said. It and Crescite will have no intermingled investments.The funds Crescite holds are also insured.“Crescite” means to increase or grow in Latin. Cullen said he and Kilb, who co-own the company and founded it together in 2021, chose the name after reflecting on the effects of God’s touch on man-made things, as portrayed in the image of God’s hand touching Adam’s in Michaelangelo’s famous painting on the ceiling of the Sistine Chapel.Cullen said the name also refers to Genesis 1:28, when God tells Adam to “Be fruitful (increase) and multiply.”Bitcoin, the first cryptocurrencyThe first cryptocurrency, which is very different from the stablecoin Crescite is issuing, was bitcoin, which came out in 2009 and whose inventor or inventors, known as Satoshi Nakamoto, is/are still unknown.Bitcoin emerged as “pushback” to the 2008 financial crisis, according to The Catholic University of America Busch School of Business Professor Kevin May, who told EWTN News that consumers wanted something more “sound and reliable” than our current financial system after the crisis.Bitcoin is decentralized and is the only true “open source” cryptocurrency, according to May.Bitcoin’s inventors no longer had “trust in the current financial system,” where “the banks and bankers took bets; when they were right they privatized all the gains, and when they were wrong, they got bailed out and rebought their own shares,” May said. “Hardly any of them got in trouble” while the financial markets and consumers paid for their actions.The value of bitcoin has gone from several pennies at its initial launch to a high of $126,000 in October 2025. Currently, one bitcoin is valued at about $70,000.Exchanges now exist where people can buy and sell bitcoin. There are even bitcoin-linked credit cards.Bitcoin, however, is a true cryptocurrency in that it is not insured or backed by any currency, and it is not regulated by the federal government, meaning it could collapse at any moment and investors could lose their money.A benefit of a cryptocurrency like bitcoin, according to May, is that it can “bank the unbanked, especially in societies where you cannot trust the leadership.”He used the example of a coffee farmer in Uganda who could trade in bitcoin and essentially have “his own bank on his cellphone,” without having to deal with a corrupt or inefficient system.The difference between ‘cryptocurrency’ and ‘digital assets’Digital assets like Catholic USD and cryptocurrencies such as bitcoin are alternatives to traditional financial institutions and government-backed currency made possible by blockchain technology.However, the terms “digital assets” and “cryptocurrency” mean different things: Digital assets refer to stablecoins as well as tokenized securities, commodities, and other digital representations of real-world assets that do not imply the unregulated, speculative trading or volatility inherent with bitcoin.Cullen explained that this is a major difference between bitcoin and stablecoins such as Catholic USD, which is actually backed by the U.S. dollar and will be regulated by the recently passed GENIUS Act, which is expected to increase the growth of and trust in stablecoins through clear regulatory rules.Other existing stablecoins include USD1, which, like Catholic USD, is also a U.S. dollar-pegged stablecoin (designed to maintain a 1-to-1 value with the U.S. dollar).USD1 was launched in March 2025 by World Liberty Financial, a decentralized finance (DeFi) platform and cryptocurrency venture closely associated with President Donald Trump and his family, though disclaimers emphasize that the Trump family are not officers or directors and that the cryptocurrency is not politically affiliated or endorsed.A company called Tether Unlimited issued a stablecoin, USDT, which is the longest-running and largest U.S. dollar-pegged stablecoin, launched in 2014 and with a market cap around $184 billion (as of early 2026). It holds roughly 60%-70% of the total stablecoin market share with 534 million users as of early this year.The GENIUS ActPassed with bipartisan support and signed into law by Trump in July 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act establishes a clear, regulatory framework that legitimizes payment stablecoins and digital asset infrastructure.It aims to preserve U.S. dollar leadership globally while allowing responsible private-sector innovation under defined guardrails.Under the act, qualified nonbank entities may issue payment stablecoins under federal or state supervision, while banks and affiliates may also participate. This dual pathway is intended to foster competition, reduce concentration risk, and avoid stifling innovation.Critics note the GENIUS Act does not fully address illicit finance risks in decentralized systems such as bitcoin, however.

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Catholic entrepreneurs Eddie Cullen and Karl Kilb want to use new financial technologies to benefit the Catholic Church and its charitable work.

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