Crypto Payments Firm Mesh Raises $82M Amid Surging Stablecoin Adoption
The rise of stablecoins is reshaping digital payments. Mesh, a crypto payments firm, has secured $82 million in a Series B funding round to expand its settlement network. The round was led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital.
A Game-Changer for Crypto Payments
This fundraising stands out because most of the capital was raised using PayPal’s PYUSD stablecoin. It reflects the increasing trust in stablecoins as a reliable financial tool.
Mesh is building a blockchain-powered payment network. Users can pay with Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Merchants settle transactions in stablecoins like Circle’s USDC, PayPal’s PYUSD, and Ripple’s RLUSD.
Bridging Crypto and Traditional Finance
Mesh connects crypto wallets, exchanges, and payment 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 Growing Dominance of Stablecoin
Stablecoins have become a $200 billion asset class. They serve as key infrastructure for digital asset trading, payments, and financial inclusion. Their value—anchored to assets like the U.S. dollar—makes them more stable than cryptocurrencies. They also provide a faster and cheaper alternative to traditional banking, especially in developing countries.
VCs Betting Big on Stablecoin Infrastructure
Stablecoin adoption is driving major venture capital investments. Felix Hartmann, founder of Hartmann Capital, believes stablecoins and tokenized assets will lead the next crypto adoption wave.
A key example is Stripe’s $1.1 billion acquisition of stablecoin platform Bridge. This deal highlights the growing role of stablecoins in global finance.
Conclusion
Mesh’s $82 million funding round reinforces the importance of stablecoin-based solutions. With increasing institutional adoption and clearer regulations, crypto payments are set to transform global transactions. Mesh is leading this shift, bringing stablecoins closer to mainstream finance.
