Share this article
Bitcoin Platform Mezo Debuts Mainnet to Build Circular BTC Economy
Mezo is built to be a Bitcoin finance platform that enables its users to unlock practical utility in BTC and thus become their own bank
Updated May 28, 2025, 4:53 p.m. Published May 28, 2025, 4:18 p.m.
What to know:
- Blockchain venture studio Thesis, which is backed by Pantera Capital and Hack VC, has debuted its Bitcoin layer-2 network Mezo's mainnet.
- Mezo is built to be Bitcoin finance platform that enables its users to unlock practical utility in BTC.
- Users can use their BTC as collateral to mint and spend Mezo's native stablecoin MUSD, this creating a circular economy powered by BTC.
Blockchain venture studio Thesis, which is backed by Pantera Capital and Hack VC, has debuted its Bitcoin layer-2 network Mezo's mainnet.
Mezo is built to be Bitcoin finance platform that enables its users to unlock practical utility in BTC and thus become their own bank, according to an emailed announcement shared with CoinDesk.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The project debuted its testnet last year following a $21 million fundraising round led by Pantera.
Users can use their BTC as collateral to mint and spend Mezo's native stablecoin MUSD, this creating a circular economy powered by BTC.
An ongoing barrier to wider bitcoin adoption is the reticence users have to sell or spend it, which may be out of concern for losing value tied up in their holdings. This, amongst many other reasons, can explain why bitcoin has yet to fully prove itself as a form of money beyond being a store of value.
"Holders haven’t had many options to actually use their bitcoin without giving it up," CEO of Thesis, Matt Luongo, said.
"With [Mezo}, I can park my BTC, access a credit line and live my life. This is what being your own bank was always meant to look like. It finally lets HODLers have their cake and eat it too."
Mezo has teamed up with numerous crypto platforms that provide use cases such as e-commerce store Bitrefill, which offers gifts cards for MUSD, and BTC finance app Fold (FLD), which offers a cashback debit card and provides bitcoin rewards.
Read More: Steak n’ Shake COO Says Bitcoin Payments Cut Processing Fees in Half
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand
Crypto's 24/7 trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
What to know:
- Nasdaq plans to expand stock and exchange-traded product trading to 23 hours a day, five days a week, according to a filing.
- The move follows similar initiatives by the New York Stock Exchange and reflects growing global demand for extended market access.
- Always-on cryptocurrency trading has influenced investor expectations, with Nasdaq acknowledging that many of its clients are already active overnight.
Top Stories
