2 weeks ago
Blockchain task workplace Thesis, which is backed by Pantera Capital and Hack VC, has debuted its Bitcoin layer-2 web Mezo's mainnet.
Mezo is built to beryllium Bitcoin concern level that enables its users to unlock applicable inferior successful BTC and frankincense go their ain bank, according to an emailed announcement shared with CoinDesk.
The task debuted its testnet past twelvemonth following a $21 cardinal fundraising round led by Pantera.
Users tin usage their BTC arsenic collateral to mint and walk Mezo's autochthonal stablecoin MUSD, this creating a circular system powered by BTC.
An ongoing obstruction to wider bitcoin adoption is the reticence users person to merchantability oregon walk it, which whitethorn beryllium retired of interest for losing worth tied up successful their holdings. This, amongst galore different reasons, tin explicate wherefore bitcoin has yet to afloat beryllium itself arsenic a signifier of wealth beyond being a store of value.
"Holders haven’t had galore options to really usage their bitcoin without giving it up," CEO of Thesis, Matt Luongo, said.
"With [Mezo}, I tin parkland by BTC, entree a recognition enactment and unrecorded my life. This is what being your ain slope was ever meant to look like. It yet lets HODLers person their barroom and devour it too."
Mezo has teamed up with galore crypto platforms that supply usage cases specified arsenic e-commerce store Bitrefill, which offers gifts cards for MUSD, and BTC concern app Fold (FLD), which offers a cashback debit paper and provides bitcoin rewards.
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