Mezo eyes enterprise growth via new BitcoinFi deal with Anchorage
Mezo Network Overview - December 2, 2025
Welcome to the monthly Mezo Network Overview. Every month, we dive deep into the Mezo ecosystem to help you get up to speed on the network’s latest updates, metrics, developments and more. All in one place.
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Mezo Metrics
Total value locked (TVL): $64.4M (-25.7%)
MUSD supply: $20.95M (-16.54%)
Users (total addresses): 18.8K (+4.44%)
Mezo volume (30 day): $25.17M (+83.14%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
What Caught Our Eye This Month
MUSD volume surpassed $150 million, indicating that users are engaging with Mezo to mint, redeem and trade stablecoins, rather than holding them passively.
Dune integrated with Mezo to track bitcoin-backed loans, MUSD flows, liquidity pools, swaps, rewards and more.
Check out the winners of Mezo’s Hackathon, which saw apps being developed for bitcoin invoicing, cooperative bitcoin savings for Latin America, and permissionless keeper automation for MUSD.
Mezo and Anchorage partner to develop institutional-grade bitcoin banking
Mezo partnered with Anchorage Digital on November 19 to integrate Mezo’s BitcoinFi platform directly into Anchorage’s institutional custody infrastructure and self-custody wallet, Porto, aiming to offer enterprises and high-net-worth holders secure, compliant access to low-cost borrowing and bitcoin yield.
By pairing Anchorage’s infrastructure with Mezo’s onchain banking primitives, the partnership looks to enable institutional bitcoin to flow into Mezo, deepening liquidity and increasing network fees that fund veBTC rewards.
Corporate treasuries, digital asset funds and public companies can treat bitcoin as a fully productive asset by borrowing MUSD for operational cash flow, acquisitions, or dividends without triggering taxable events. They can also lock bitcoin for short periods to earn yield, effectively turning the asset into a self-repaying line of credit.
In volatile or capital-constrained markets, this can help companies hedge currency risk, fund expansion, or meet payroll requirements while maintaining long-term exposure to bitcoin’s price action.
With compliant on-ramps like Anchorage, Mezo is looking to become the banking layer for bitcoin.
Expanding the ecosystem
Mezo’s new dashboard for its MUSD stablecoin surfaced some interesting metrics: total outstanding MUSD debt, bitcoin collateral locked
Daily transactions on Mezo surged 530% in November to an average of 2K from 319 a month ago
Check out Mezo’s Banksgiving, a rewards campaign in partnership with Lolli, Slice and Taho that lets users earn mats for depositing, borrowing or swapping
Maestro, an institutional-grade bitcoin treasury management platform, joined Mezo as a validator
Get active in the network
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.