Bitcoin Layer-2 Network Mezo Launches Mainnet for Circular BTC Economy
Blockchain venture studio Thesis has launched the mainnet of its Bitcoin layer-2 network, Mezo. The platform aims to enhance the utility of Bitcoin (BTC), allowing users to leverage their holdings without selling them.
- Mezo enables users to use BTC as collateral for minting and spending its native stablecoin, MUSD.
- The project follows a $21 million funding round led by Pantera Capital.
- Mezo addresses users' reluctance to spend BTC due to concerns about losing value.
- CEO Matt Luongo stated that Mezo allows users to access credit lines while retaining their BTC.
- Partnerships include e-commerce platform Bitrefill and cashback app Fold, enhancing use cases for MUSD.