Bitcoin protocol developer Velar has announced a partnership with Mezo to integrate the mUSD stablecoin into its PerpDex platform. This will allow users to access a fully Bitcoin-backed decentralized stablecoin.
About Velar and Mezo Partnership
Velar and Mezo have announced a partnership aimed at integrating the mUSD stablecoin into Velar's PerpDex platform. This partnership will enable users to securely transfer mUSD to PerpDex and use it for trading activities and liquidity provision.
Benefits of mUSD Integration
The integration of mUSD will unlock new opportunities for Velar users by providing access to Bitcoin DeFi. The mUSD stablecoin allows BTC holders to maintain their assets while borrowing at a low interest rate, enabling them to explore the growing Bitcoin DeFi ecosystem while freeing up capital.
Future Plans and Executive Statements
Through the partnership with Mezo, Velar will launch dedicated trading pairs for mUSD, broadening access to the stablecoin. Velar CEO Mithil Thakore emphasized the importance of Bitcoin and mUSD as foundations for the future financial system. Mezo co-founder Matt Luongo noted that collaboration with Velar allows for a more efficient and secure Bitcoin economy without compromising its core values.
The partnership between Velar and Mezo creates new opportunities for traders and liquidity providers. The mUSD integration will strengthen Velar's position in the Bitcoin DeFi world, adhering to the core principles of self-custody and verifiability.
