Mesh Raises $82 Million for Global Stablecoin Payments Expansion

Crypto payments company Mesh has successfully raised $82 million in a Series B funding round led by Paradigm, with participation from notable investors like ConsenSys and QuantumLight. The funding, primarily settled in PayPal's PYUSD stablecoin, will be used to expand Mesh's stablecoin-based payments network globally, allowing users to transact with various cryptocurrencies while merchants can settle payments in their preferred stablecoins. Mesh's technology connects digital wallets, exchanges, and payment service providers, aiming to make crypto payments as seamless as credit card transactions. The rise of stablecoins, now a $200 billion asset class, is seen as a transformative force in the payments industry, providing faster and more secure transaction methods, especially in regions with underdeveloped banking systems. Mesh's CEO highlighted that the regulatory landscape is becoming clearer, further driving institutional interest in stablecoin solutions. With its extensive partnerships and innovative approach, Mesh positions itself at the forefront of the evolving digital asset landscape.