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[Switzerland] 28 October, 2024– Universal stablecoin platform and and onchain Bitcoin bank are joining forces to rebuild stablecoins from the ground up, using the Bitcoin ecosystem to democratize yield opportunities for Decentralized Finance participants. The M^0 community approved a from Mezo to become an M^0 Earner and establish the $M stablecoin as a core asset in BitcoinFi.

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Developed by the well-regarded Bitcoin venture studio, Thesis*, Mezo aims to transform Bitcoin into more than a savings technology and to broaden the Bitcoin network to billions of users across the world. That aligns with M^0’s vision of evolving today’s outdated monetary infrastructure to a globally federated framework for issuance of programmable and permissionless stablecoins.

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"By leveraging $M, we're evolving Bitcoin from just a store of value into a powerful driver of economic activity, aiming to capture a substantial portion of the global economy,” said Matt Luongo, CEO of Thesis* & Founder of Mezo. “Together, we're not only establishing a new financial framework for Bitcoin but also creating the foundation for a decentralized, global financial system."

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With the Governance approval, Mezo is eligible to draw benefits from M^0’s Earn mechanism. The yield incentivizes Mezo to obtain as much $M as possible in order to strategically bolster liquidity. This positions $M as a core asset in the BitcoinFi ecosystem, giving users access to a unified, yield-generating asset. Additionally, M^0 enhances Mezo's Deposit Portal with Smart $M, the next-gen wrapper for $M. This strategic advancement provides a new mechanism for DeFi users to seamlessly convert non-yield-bearing stablecoins into $M, facilitating passive yield generation on previously idle assets.

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“Mezo's integration with M^0 represents a strategic advancement in the expansion of DeFi within the Bitcoin ecosystem,” said Greg Di Prisco, Co-Founder and Chief Architect of M^0. “By partnering with Mezo, we are unlocking new possibilities for DeFi on Bitcoin, broadening its applications, and driving the next wave of global financial inclusion.”

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As M^0 continues to advance its decentralized financial infrastructure, the organization demonstrates its commitment to providing sophisticated and secure solutions for the evolving DeFi and CeFi landscapes. With the increasing convergence of traditional and decentralized finance, M^0 is well-positioned to serve as a bridge, facilitating seamless integration and interoperability across different financial systems. M^0’s vision is to propel this technology as the next-generation backend for fintech frontends.

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To learn more about M^0 and stay up-to-date on the latest developments, visit m0.org and follow along on .

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About M^0 Ecosystem

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is money middleware for the digital age. It is a decentralized, on-chain protocol, as well as a corresponding set of off-chain standards and APIs, that powers a federation of cryptodollar issuers. With M^0, any number of independent institutions can tap on turnkey middleware to become the minter of a fungible cryptodollar asset.

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About Mezo

Mezo is the onchain Bitcoin Bank, the default home for Bitcoiners’ financial services. It is a platform that lets people live off their Bitcoin without selling it, bridging the gap between saving and spending. With Mezo, it’s easy to pay bills, make purchases, and put Bitcoin to work as productive capital.

At the heart of Mezo is MUSD, a 100% Bitcoin-backed stablecoin usable onchain and in the real world. Users can borrow MUSD against their Bitcoin collateral at rates starting as low as 1%, unlocking up to 90% of their BTC’s value at a competitive cost. Learn how to unlock liquidity while keeping upside with .

For more information, visit Mezo’s: | |