Crypto Payments Firm Mesh Raises $82M Amid Expanding Stablecoin Adoption
The growing influence of stablecoins is transforming digital payments. Mesh, a crypto payments company, has successfully raised $82 million in a Series B funding round to enhance its settlement network. The investment round was led by Paradigm and included contributions from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital.
A Breakthrough in Crypto Payments
This fundraising effort is particularly significant as the majority of the capital was raised using PayPal’s PYUSD stablecoin. This demonstrates the increasing confidence in stablecoins as a dependable financial instrument.
Mesh is developing a blockchain-based payment network, allowing users to transact using Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Meanwhile, merchants receive settlements in stablecoins such as Circle’s USDC, PayPal’s PYUSD, and Ripple’s RLUSD.
Connecting Crypto and Traditional Finance
Mesh integrates crypto wallets, exchanges, and payment service providers CEO and co-founder Bam Azizi shared his vision on LinkedIn. “Regulatory clarity is emerging, institutional interest is growing, and stablecoins are thriving. This funding will help us scale globally, making crypto payments as simple as credit card transactions.”
The Rising Dominance of Stablecoins
Stablecoins have now evolved into a $200 billion asset class, forming a fundamental part of digital asset trading, payment networks, and financial inclusion. Their value is pegged to assets like the U.S. dollar, making them more stable than traditional cryptocurrencies. Additionally, they offer a faster and cost-effective alternative to conventional banking, particularly in emerging economies.
Venture Capital’s Confidence in Stablecoin Infrastructure
The adoption of stablecoins has fueled substantial investments from venture capital firms. Felix Hartmann, the founder of Hartmann Capital, believes that stablecoins and tokenized assets will drive the next wave of crypto adoption.
A notable example is Stripe’s $1.1 billion acquisition of the stablecoin platform Bridge, underscoring the growing importance of stablecoins in the global financial system.
Conclusion
The $82 million raised by Mesh highlights the increasing relevance of stablecoin-powered solutions. As institutional adoption rises and regulatory frameworks become more defined, crypto payments are set to revolutionize global financial transactions. Mesh is at the forefront of this transformation, playing a crucial role in bringing stablecoins into mainstream finance.
