Velar Partners with Mezo for Bitcoin-Backed Stablecoin Integration
Panama City, Panama, March 26th, 2025, Chainwire – The Bitcoin decentralized protocol Velar has announced a strategic partnership with Mezo to integrate the mUSD stablecoin into its PerpDex. This collaboration will empower users of Velar’s perpetual trading platform to utilize a decentralized stablecoin that is fully backed by BTC.
Set to go live in early Q2, this support for mUSD will unlock new opportunities for Velar users while expanding access to the Bitcoin DeFi ecosystem. Mezo’s mUSD is specifically designed to allow Bitcoin holders to maintain their BTC while borrowing against it at a low interest rate, enabling users to explore the growing Bitcoin DeFi landscape while freeing up idle capital.
The partnership will leverage tBTC's bridge infrastructure, allowing users to securely transfer mUSD to Velar’s PerpDex for trading and liquidity provision. Velar plans to launch dedicated mUSD trading pairs, broadening access to this Bitcoin-backed stablecoin.
Velar CEO Mithil Thakore stated: “Bitcoin is the foundation of the future financial system, and Mezo is unlocking its true utility. With mUSD and tBTC, they’re solving two major gaps: stable assets and secure bridging. At Velar, we’re excited to partner with Mezo to build a truly decentralized Bitcoin economy.”
Velar’s PerpDex allows anyone to trade perpetual contracts directly on Bitcoin infrastructure while maintaining self-custody of their assets. It is the first perpetual futures DEX built on Bitcoin, enabling traders to create leveraged long and short positions across a range of crypto assets, including BTC.
Mezo CEO Matt Luongo commented: “Velar shares our belief that Bitcoin can do more. This collaboration brings together two teams committed to unlocking BTC’s potential without sacrificing its core values.”
This collaboration will create new opportunities for traders and liquidity providers while adhering to Bitcoin's core principles of self-custody and verifiability. Following its launch on Velar’s PerpDex, additional functionalities for mUSD will gradually be introduced, making it a multi-utility asset for Bitcoin DeFi.
About Velar
Velar is building the user interface to access the most secure blockchain ever created. It enables anyone to effortlessly trade their favorite Bitcoin-based tokens with just a few clicks, laying the groundwork for a new era of Bitcoin-powered financial innovation.
About Mezo
Mezo facilitates productive Bitcoin usage through seamless borrowing, spending, and earning without requiring users to sell their BTC. The mUSD stablecoin, 100% backed by BTC, provides a stable foundation for Bitcoin holders to access working capital at a low fixed rate, allowing them to tap into Bitcoin equity and repay their loans at their convenience.
Comments
Join Our Community
Sign up to share your thoughts, engage with others, and become part of our growing community.
No comments yet
Be the first to share your thoughts and start the conversation!