Panama City, Panama, March 26th, 2025, Chainwire
Bitcoin decentralized protocol Velar has announced that it has partnered with Mezo to integrate the mUSD stablecoin into its PerpDex. As a result, users of Velar’s perpetual trading platform will be able to access a decentralized stablecoin that is fully backed by BTC.
Set to go live in early Q2, mUSD support will unlock new opportunities for Velar users while expanding access to Bitcoin DeFi. Mezo’s mUSD stablecoin is designed to allow Bitcoin holders to keep their BTC while borrowing against it with a low interest rate. This allows users to explore opportunities across Bitcoin’s growing DeFi ecosystem while freeing up idle capital.
The partnership between Velar and Mezo will leverage tBTC’s bridge infrastructure, enabling users to securely transfer mUSD to Velar’s PerpDex and use it for trading activities and liquidity provision. Velar will launch dedicated mUSD trading pairs, broadening access to the Bitcoin-backed stablecoin.
Velar CEO Mithil Thakore said: “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. As the first perpetual futures DEX built on Bitcoin, it allows traders to create leveraged long and short positions on a range of crypto assets including BTC.
Mezo CEO Matt Luongo said: “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.”
The collaboration between Velar and Mezo creates new opportunities for traders and liquidity providers while maintaining Bitcoin’s core principles of self-custody and verifiability. Following its launch on Velar’s PerpDex, Velar will gradually roll out additional functionality for mUSD, 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. Velar enables anyone to effortlessly trade their favorite Bitcoin-based tokens with just a few clicks via a user-friendly interface. Velar is laying the groundwork for a new era of Bitcoin-powered financial innovation while unlocking untapped liquidity and empowering users to take control of their digital assets.
Learn more: https://velar.com/
About Mezo
Mezo enables productive Bitcoin usage through seamless borrowing, spending, and earning without requiring users to sell their BTC. 100% backed by BTC, mUSD provides a stable foundation for Bitcoin holders to get access to working capital at a low fixed rate, allowing them to tap into Bitcoin equity and repay their loan whenever they like.
Learn more: https://mezo.org/
Contact
Avishay Litani
pr@marketaross.com
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