Blockchain Venture Studio Thesis, supported by Pantera Capital and Hack VC, debuted it on the Bitcoin Layer-2 Network Mezo’s Mainnet.
The Mezo was built to be the Bitcoin Finance platform that gives its users to unlock the practical utility at BTC and thus become their own bank, according to an email announcement shared with CoinDesk.
The project did its testnet last year Following a $ 21 million spinning of fundraising Led by Pantera.
Users can use their BTC as collateral in Mint and spend the native Stablecoin Musd of Mezo, it creates a circular BTC -powered economy.
An ongoing barrier to the broader Bitcoin adoption is that reticence users need to sell or spend it, which may not be concerned with the loss of value tied to their holdings. This, amongst many other factors, may 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,” the CEO of thesis, Matt Luongo, said.
“With (Mezo}, I can park my BTC, access a line of credit and live my life. It’s your own bank always meant to look. It finally allows the hodlers to have their cake and eat it too.”
Mezo cooperated with many crypto platforms that provide the use of cases such as E-Commerce Store Bitrefill, which offers gift cards for Musd, and BTC FINANCE APP FOLD (FLD), which offers a cashback debit card and gives bitcoin rewards.
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