Anchorage Digital and Mezo to offer BTC-collateralized loans for institutions

Bitcoin-based DeFi platform Mezo is partnering with Anchorage Digital to introduce a BTC-collateralized loan service for institutional clients, Cointelegraph reported. Institutions can borrow funds through the Anchorage Porto wallet using Mezo's stablecoin, MUSD, at a fixed annual interest rate of 1%. The service also supports a short-term rewards product where users can lock up BTC for six to 30 days to receive veBTC.