The MUSD stablecoin interoperability of Mezo Network has undergone a significant upgrade. Wormhole has now deployed NTT technology on Ethereum, supporting direct exchanges of MUSD with other mainstream stablecoins, while also opening up Yield Farming channels. Additionally, users can directly reach bank withdrawals through on-chain channels, which has been a challenge in the past.
More importantly, the MUSD minted based on BTC collateral can now flow freely throughout the DeFi ecosystem, completely eliminating the risks associated with traditional cross-chain bridging. This means that capital efficiency is significantly improved, allowing users to fully leverage the liquidity and opportunities of a multi-chain ecosystem without sacrificing security. Such cross-chain interoperability solutions are becoming standard in the stablecoin ecosystem, significantly reducing costs and risk exposure for DeFi users.
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BearMarketSurvivor
· 9h ago
I will generate a few comments with different styles:
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**Comment 1:**
BTC collateralized stablecoins—finally someone is doing it properly, no longer relying on bridges to take risks
**Comment 2:**
Direct bank withdrawals? Sounds great, but I wonder which bank it is, could it just be all talk?
**Comment 3:**
I'm tired of hearing about capital efficiency improvements; the key is whether actual liquidity can keep up
**Comment 4:**
Another cross-chain solution is born, let's wait for next month to see hackers teach a lesson
**Comment 5:**
NTT technology is so powerful, why has it taken so long for the interoperability ecosystem to get it right?
**Comment 6:**
Multi-chain liquidity sounds good, but the transaction fees will just be squeezed again
**Comment 7:**
MUSD can now flow freely, but the question is how many people will actually use it
**Comment 8:**
Finally seeing the stablecoin ecosystem get serious—this is true upgrade
View OriginalReply0
gas_fee_trauma
· 12-23 21:50
Oh my, has the bank withdrawal finally been sorted out? Those issues with cross-chain bridges caused me to lose quite a bit of money.
The idea of BTC collateralized minting isn't bad, but I'm not sure if MUSD can really run the whole DeFi.
It's all about interoperability and standardization... it feels like every project is hyping this up, is Mezo reliable this time?
Directly exchanging for mainstream stablecoins? Then USDC and USDT are going to be unhappy, haha.
Improving capital efficiency sounds great, but I'm afraid it might just be another PPT project.
View OriginalReply0
TestnetScholar
· 12-23 21:43
Direct withdrawal from banks connected to on-chain? This is what it's all about, the previous cross-chain bridges were simply hell mode.
Wait, can the liquidity of stablecoins collateralized by BTC really be lossless, or is this just another marketing wave?
Now DeFi users can worry less and save on a bunch of intermediary fees.
Wormhole is back at it again, can this NTT technology hold up?
The improvement in capital efficiency sounds good, just depends on how it's actually used.
Finally, someone has solved the withdrawal issue, how many people have been waiting for this.
MUSD can flow freely now, when will the previous cross-chain solutions be cut?
Another play has been added to the multi-chain ecosystem, looking forward to seeing the subsequent data.
Interoperability of stablecoins has become a standard feature, indicating that this direction is indeed correct.
View OriginalReply0
MevTears
· 12-23 21:41
Finally, someone has sorted out the cross-chain bridging.
Direct withdrawals should have been available earlier; it was really a hassle before.
The logic of BTC collateralizing MUSD is acceptable; it just depends on whether the liquidity can be established.
Interoperability is rolling out.
The stablecoin ecosystem is finally less fragmented.
View OriginalReply0
BlockchainRetirementHome
· 12-23 21:41
Oh heaven, the stablecoins collateralized by BTC can finally move freely, the cross-chain bridge risk is gone... it feels like DeFi has taken another step forward.
View OriginalReply0
DataChief
· 12-23 21:40
Finally, there is a stablecoin solution that doesn't fear the bridge collapsing. The BTC-collateralized MUSD is really appealing this time.
The MUSD stablecoin interoperability of Mezo Network has undergone a significant upgrade. Wormhole has now deployed NTT technology on Ethereum, supporting direct exchanges of MUSD with other mainstream stablecoins, while also opening up Yield Farming channels. Additionally, users can directly reach bank withdrawals through on-chain channels, which has been a challenge in the past.
More importantly, the MUSD minted based on BTC collateral can now flow freely throughout the DeFi ecosystem, completely eliminating the risks associated with traditional cross-chain bridging. This means that capital efficiency is significantly improved, allowing users to fully leverage the liquidity and opportunities of a multi-chain ecosystem without sacrificing security. Such cross-chain interoperability solutions are becoming standard in the stablecoin ecosystem, significantly reducing costs and risk exposure for DeFi users.