TL;DR
- Mezo launched its mainnet, enabling users to lock BTC as collateral and mint MUSD, a stablecoin fully backed by Bitcoin.
- Since its testnet phase, the network has accumulated over $400 million and processed two million transactions, with security audits by Quantstamp and Thesis Defense.
- The ecosystem already integrates Velar, Zerolend, and BitFi, and will soon launch Tigris, an incentive system designed to reward verified on-chain activity.
Mezo officially launched its mainnet with a proposal aimed at turning Bitcoin into a dynamic financial tool.
The platform allows users to lock BTC as collateral to generate MUSD, a stablecoin fully backed by Bitcoin, offering fixed rates starting at 1% and access to up to 90% of the deposited value. This setup eliminates reliance on centralized custodians and lets users access liquidity without having to sell their Bitcoin holdings.
Since its testnet phase, Mezo has accumulated over $400 million in deposits and processed more than two million transactions. Security contracts have been audited by specialized firms such as Quantstamp and Thesis Defense. MUSD maintains a 1:1 peg with the US dollar, and its reserves are fully verifiable in real time on the blockchain.
Mezo Reshapes Bitcoin’s Financial Capabilities
The Mezo ecosystem lets users spend MUSD on products and services through partner merchants like BitRefill and Fold, with additional integrations planned for the near future. It also offers passive yield opportunities by depositing Bitcoin into Upshift Vaults, automated strategies that distribute MUSD across financial applications within the network. Mezo has integrated with platforms like Velar, Zerolend, and BitFi, enabling perpetual futures trading, access to lending markets, and investment strategies using MUSD as collateral.
For developers, Mezo offers EVM compatibility and native Bitcoin connectivity, simplifying the migration of existing contracts and the development of new applications that leverage this infrastructure. Initial liquidity exceeds $50 million and continues to grow daily through fresh deposits and operational bridges via Wormhole.
The network also includes a rewards system called Mats, which incentivizes users who move assets or engage with the platform. Those migrating from the testnet can activate their Mats by transferring funds, and anyone contributing $500 or more before June 30 will receive additional bonuses.
In the coming weeks, Mezo plans to add more tokenized Bitcoin variants and launch Tigris, a programmable incentives engine designed to reward verified on-chain activity and support the long-term sustainability of its ecosystem.
