Crypto payments company Mesh has secured $82 million in a Series B funding round led by Paradigm.
Funding Essentials
Mesh's Series B round saw participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital. The majority of the investment was settled using PayPal's stablecoin PYUSD.
Mesh’s Goals and Plans
Mesh plans to utilize the capital to expand its stablecoin-based payment network. The company allows users to pay with cryptocurrencies like Bitcoin, Ethereum, and Solana, while merchants receive payments in stablecoins such as PYUSD, USDC, and RLUSD, simplifying the payment process by eliminating asset conversion.
Regulatory Support and Growth Outlook
The increasing adoption of stablecoins underscores the industry's potential, with last year's transactions valued at $27.6 trillion. Recent regulatory developments, such as the U.S. Office of the Comptroller of the Currency's stance, support further stablecoin adoption.
Mesh continues to develop by integrating solutions into well-known platforms, making crypto payments more accessible and straightforward for users worldwide.
