Mar 11, 05:25 PM

Paradigm-Led $82M Series B Fuels Mesh's Global Stablecoin Payment Network Expansion

Mesh, a crypto payments firm, has successfully raised $82 million in a Series B funding round led by Paradigm. The round also saw participation from investors such as ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital. The majority of the funding was settled using PayPal's PYUSD stablecoin. The company plans to use the funds to expand its global stablecoin-based payment settlement network. Mesh's platform enables users to pay with various cryptocurrencies, including bitcoin, ether, and Solana's SOL, while allowing merchants to settle payments in stablecoins of their choice, such as Circle's USDC, PayPal's PYUSD, and Ripple's RLUSD. Bam Azizi, CEO and co-founder of Mesh, highlighted the growing adoption of stablecoins, noting that regulatory clarity is taking shape, institutions are leaning in, and stablecoins are booming. Mesh aims to make crypto payments as straightforward as using a credit card.