Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars

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🚨 Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars! 🚨

Crypto Payments Firm Mesh Raises $82M as Stablecoin Adoption Soars

What to know:

  • Crypto payments firm Mesh has raised $82 million in a series B round to expand its global stablecoin-based payments settlement network.
  • The capital was mostly raised in PayPal’s PYUSD stablecoin.
  • The firm is building a network that lets users pay with crypto assets, while merchants settle the transaction in stablecoins.

It appears that the esteemed firm of Mesh has secured a considerable sum of $82 million, a sum that shall no doubt prove most beneficial in the expansion of their stablecoin-based payments settlement network, a most ingenious contraption, if I do say so myself.

The series B round, led by the illustrious Paradigm, has seen a most impressive array of investors participate, including the venerable ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital. One cannot help but feel a sense of awe at the sheer magnitude of this undertaking.

Now, it is worth noting that the majority of this capital raise was settled in PayPal’s PYUSD stablecoin, a most intriguing development, to say the least. It appears that Mesh has chosen to anchor their efforts to the stalwart PYUSD, a most shrewd move, if I may be so bold.

Mesh, it seems, has developed a most ingenious payments network, one that connects crypto wallets with exchanges payment service providers for merchants. With Mesh, users can pay with crypto assets such as bitcoin (BTC), ether (ETH) and Solana’s SOL, while merchants settle the payment in stablecoins of their choice, including Circle’s USDC, Paypal’s PYUSD and Ripple’s RLUSD. A most clever arrangement, if I do say so myself.

“Regulatory clarity is taking shape, institutions are leaning in, and stablecoins are booming,” declared Bam Azizi, CEO and cofounder of Mesh, in a LinkedIn post on Tuesday. “With this capital, we’re expanding globally to making crypto payments as easy as using a credit card.”

And indeed, stablecoins have proven to be a most rapidly growing sector in crypto, mushrooming to a $200 billion asset class within digital assets. They serve as a key piece of infrastructure for digital asset trading, and are increasingly popular vehicles for payments, savings and remittances, especially in developing countries, as a cheaper and speedier alternative to traditional banking rails.

Thanks to the rapid growth, VC firms are increasingly investing in projects building stablecoin services and infrastructure. Felix Hartmann, founder and general partner at investment firm Hartmann Capital, noted in a Tuesday report that the “big trade in crypto” are stablecoins, as together with tokenized financial assets they will lead the next wave of growth in digital asset adoption.

And, as if to underscore the potential of stablecoins in the global payments landscape, payments giant Stripe’s acquisition of stablecoin platform Bridge for $1.1 billion last year was a most pivotal moment, a development that shall no doubt have far-reaching consequences.

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2025-03-11 22:05