Mezo introduces stBTC for Bitcoin DeFi engagement

Mezo, developed by Thesis, has launched stBTC, a liquid-staked Bitcoin token designed to integrate Bitcoin with decentralized finance (DeFi), The Block has reported. Users can mint stBTC by depositing WBTC or tBTC on Mezo, which they can then use on Curve's DeFi platform to earn further rewards. Built on the Bitcoin staking protocol Acre, stBTC allows users to earn returns while retaining Bitcoin exposure, facilitating Bitcoin's involvement in the DeFi ecosystem. The launch follows Mezo's recent $7.5 million funding round, underscoring its expansion and user growth.