Crypto payments firm Mesh announced on Tuesday it has raised $82 million to expand its stablecoin-based payments settlement network globally.
The series B round was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating.
Most of the capital raise was settled in PayPal’s PYUSD stablecoin, according to the press release.
Mesh develops a payments network on blockchain rails, connecting 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.
“Regulatory clarity is taking shape, institutions are leaning in, and stablecoins are booming, Bam Azizi, CEO and cofounder of Mesh, said in a LinkedIn post on Tuesday. “With this capital,…
