Mezo, a Bitcoin-centric and EVM-compatible platform, has announced its integration with Banxa, a prominent global infrastructure provider for embedded crypto. This partnership enables users to purchase MUSD, Mezo”s stablecoin backed by Bitcoin reserves, using fiat payment methods directly within the Mezo app. This development aims to bridge the gap between traditional finance and the Bitcoin ecosystem.
Through Banxa”s extensive global payment network, Mezo users can now access MUSD and engage with the Bitcoin-backed finance ecosystem without needing to convert their Bitcoin holdings. This integration simplifies the process for users, making Mezo accessible in multiple countries, thereby removing financial barriers to entry.
Mezo”s design allows Bitcoin holders to utilize their assets without selling them, primarily through loans secured by BTC collateral. Users can borrow against up to 90% of their Bitcoin holdings at a fixed interest rate of 1% for the duration of the loan. The MUSD stablecoin is designed to maintain a 1:1 value with the US dollar, providing users with dollar liquidity while preserving their Bitcoin investments.
“Bitcoin opened the door, but there”s still a gap between holding it and actually being able to use it day-to-day,” said Matt Luongo, Founder and CEO of Thesis and Co-Founder of Mezo. He emphasized that with Banxa, users can easily onboard into MUSD, enabling them to participate in Mezo”s circular Bitcoin economy, which includes borrowing, earning, and spending.
Holger Arians, Co-Founder and Co-CEO of Banxa, stated, “Banxa”s mission is to bridge traditional finance and web3 and to help businesses grow by providing access to global borderless transactions with a seamless user experience.” He expressed enthusiasm about supporting the Mezo community and enabling more users to harness the potential of Bitcoin and digital assets.
This partnership follows a recent collaboration between Mezo and Anchorage Digital, allowing institutional users to access Mezo”s BitcoinFi ecosystem through the Porto wallet. This integration provides opportunities for borrowing, staking, and rewards, further expanding the utility of Bitcoin for banks and institutions.
With Banxa facilitating the connection between fiat and crypto, Mezo is poised to attract a wider audience, accelerating the adoption of Bitcoin in everyday finance and enhancing its real-world utility.
To promote its expansive BitcoinFi ecosystem, Mezo recently concluded its Banksgiving campaign, which rewarded users across various brands within the Thesis portfolio. Participants could earn additional mats, Mezo”s native rewards points, for engaging with the platform, with ongoing promotions set to continue into 2025.
Mezo stands out as a bank-free platform that empowers users to leverage their Bitcoin for everyday financial needs without the necessity of selling their assets. It fosters a modern approach to finance, enabling users to manage, borrow, and transact seamlessly within a Bitcoin-powered economy. The introduction of MUSD marks a significant advancement in providing users with immediate spending power against their Bitcoin equity.
Banxa, headquartered across the USA, Europe, and Asia-Pacific, is a leading infrastructure provider that enables businesses to integrate crypto effortlessly into their platforms, enhancing opportunities in the evolving crypto economy.
