Mantle USD (MUSD)

Did you know this? I just found out that Mercado Libre had its own token:

@Mercadolibre closes a chapter in crypto… and opens another
because it decided to shut down its reward token Mercado Coin after 4 years. It never achieved real adoption and turned out to be more of a curiosity than a useful solution.

Therefore, instead of abandoning the ecosystem, it shifts focus 👉 now backing its stablecoin MeliDolar (MUSD), pegged to the dollar and designed for something much more practical: cashback, savings and real use within its platform.

Moreover, this move is not alone. Nubank's case with its Nucoin (which fell 97%) confirms a trend: volatile reward tokens are not performing as expected.

So, the message is clear:

fewer “trend tokens” ❌
more real utility and stability ✅

Meanwhile, Mercado Libre remains in the crypto world, even holding Bitcoin on its balance sheet. It's not a step back… it's a strategic adjustment.
Do you think stablecoins will dominate this type of ecosystem? 🤔

#CoinEx #CoinExCreator
@CoinExcom
Shared in collab with the CoinEx Creator Program
@CoinExCreators

Went back to check my Red Envelope on @MezoNetwork today and decided to do some level up for the upcoming tge.

Tried the six onchain actions they track:

• borrowed a bit of MUSD
• did a small swap
• deposited into the savings vault
• locked a tiny amount of BTC
• voted once
• added some liquidity

The process is smooth and took me only a few minutes.

What surprised me is the stats. Out of ~18k envelopes, only about 1.7k are Level 4+. That’s under 10% and apparently that tier gets most of the Phase II allocation.

And from what I understand, only Level 4+ envelopes will receive the Mezo Phase II airdrop allocation. So that tier seems to matter a lot.

Also rolled my daily dice… landed +1 level which I’ll take.

Another thing: looks like the Red Envelope campaign is ending this week (maybe even tomorrow), so if you’re still holding an envelope this might be the last chance to level it up.

Still testing how far this envelope can go. I have a few envelopes left in the comment 👇