Question 1

What is Mezo USD (MEZOUSD)?

Accepted Answer

Mezo USD is the USD-pegged stablecoin used in the Mezo ecosystem. In Mezo’s documentation it is referred to as MUSD and is described as a permissionless stablecoin designed to maintain a 1:1 peg with the US dollar and backed by Bitcoin reserves.

MEZOUSD is the asset symbol used by CryptoCompare for Mezo USD. CryptoCompare lists

Question 2

What is Mezo USD (MEZOUSD) used for?

Accepted Answer

Borrowing against BTC collateral: Users mint MUSD by depositing BTC (or other supported collateral) into Mezo Borrow to create a collateralised debt position (CDP). They can close the position by repaying MUSD plus accumulated interest to reclaim their collateral.
Redemptions to support the peg: Mezo’s documentation states outstanding MUSD is redeemable for Bitcoin, with minting and redemption described as mechanisms intended to help keep MUSD near $1.
Use on Mezo and bridging: Mezo documents MUSD deployments and bridging infrastructure, describing a Wormhole Native Token Transfer (NTT) bridge and listing MUSD contract addresses on Mezo mainnet, Ethereum and Base.

Question 3

Who created Mezo USD (MEZOUSD)?

Accepted Answer

Mezo is presented as being built by Thesis. Since MUSD is Mezo’s native stablecoin, it is associated with the Mezo project and its development team.