MEZO (MEZO)

Mezo is an on-chain Bitcoin finance platform that aims to make Bitcoin more useful without requiring holders to sell their BTC or rely on traditional banking intermediaries. The project describes itself as a user-owned Bitcoin banking system, giving participants access to borrowing and liquidity tools through crypto-native infrastructure that operates continuously and permissionlessly.

The core product allows users to deposit Bitcoin as collateral and mint MUSD, a dollar-pegged stablecoin designed to provide spending or investment liquidity while the underlying Bitcoin remains locked in the protocol. This model is similar in purpose to overcollateralized lending systems in decentralized finance, but Mezo focuses specifically on the Bitcoin economy and on creating a more predictable borrowing experience for BTC holders.

A key feature promoted by Mezo is fixed-rate borrowing. Instead of variable interest rates that can change as liquidity conditions shift, users can open positions with rates that remain fixed for the life of the loan. The platform also emphasizes flexibility: borrowers are not tied to traditional repayment schedules, minimum monthly payments, or penalties for paying back early. Positions can be closed quickly or maintained for longer periods, depending on the user’s needs and risk tolerance.

Mezo’s broader role is to bring bank-like functionality to Bitcoin in a self-service format. It seeks to reduce dependence on loan officers, credit checks, business hours, and centralized approval processes. For Bitcoin holders, the appeal is the ability to access liquidity while retaining exposure to BTC, though users still need to manage collateral risk, smart contract risk, and stablecoin-related considerations.