From store of value to working asset: Mezo leverages tBTC
Mezo Network Overview - July 1, 2025
Welcome to the monthly Mezo Network Overview. Every month, we’re diving into the Mezo ecosystem developments to help you get up to speed on the network’s latest updates, metrics, ecosystem developments and more. All in one place.
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Mezo Metrics
Bitcoin deposited: 290.7 (+1.64%)
MUSD circulating supply: $17.28M (-83.09%)
The metrics are accurate at the time of publication. The percentage change is over a 30-day period.
Mezo’s Solution to Centralized Custodians
Traditionally, bitcoin has been hailed as a store of value. However, Mezo looks to flip the script with the integration of tBTC to make bitcoin more accessible across DeFi.
The tBTC token is a trust-minimized protocol that lets users mint a 1:1 bitcoin-backed asset without the need for a centralized custodian. This means no single entity can access a user’s funds, allowing bitcoin holders to engage in DeFi without surrendering custody to centralized intermediaries. Users can then lend tBTC for yield purposes or borrow it for up to 6x leverage on strategies like Mezo’s uptBTC.
This development hopes to unlock bitcoin’s dormant capital, which is perceived to be over 70% of its circulating supply sitting idle due to custodial risks, according to data from Glassnode.
This lending market democratizes access to bitcoin-native yield strategies, making DeFi more inclusive for holders wary of now-defunct centralized platforms like Mt. Gox or Celsius. With over $566 million in bitcoin already secured by tBTC across more than 3,300 holders, Mezo allows bitcoin holders to earn yield without compromising self-sovereignty.
The Future of Bitcoin DeFi
The broader goal of Mezo is to transform bitcoin into a working asset for everyday life, and the integration of tBTC is the network’s next stepping stone to accomplish that.
Mezo’s network offers a native layer where the asset can be productive. The tBTC protocol integrates familiar DeFi features, while addressing bitcoin’s security-driven standard by offering a permissionless redemption feature that utilizes onchain proof-of-reserve.
Unlike traditional finance, where bitcoin is often required to be sold in order to access liquidity, tBTC goes against the curve to make BTCfi more accessible.
Expanding the ecosystem
Mezo partnered with Ledger to release branded Nano X and Stax editions
Read a report about Mezo’s mainnet security audits
Get active in the network
Use MUSD to unlock digital gift cards through Bitrefill, a platform that lets users shop with crypto on Amazon, Apple or Uber
Donate MUSD to support SheFi’s mission of empowering women to build on web3
Support open source Bitcoin development by donating MUSD to Brink’s nonprofit
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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.