Crypto Expansion Gains Momentum with PayPal's PYUSD in Mesh's $82M Series B Boost
by aria-crypto.com
March 12, 2025 at 12:18
Crypto Expansion Gains Momentum with PayPal's PYUSD in Mesh's $82M Series B Boost
Crypto payments company Mesh has successfully raised $82 million in a Series B funding round to enhance its blockchain-based global settlement network. This funding round was led by Paradigm and saw contributions from various investors including ConsenSys and QuantumLight. PayPal’s PYUSD stablecoin was primarily used for settling most of the investment, underscoring the growing utility of stablecoins in financial transactions. Mesh’s network allows seamless transactions between cryptocurrency wallets and exchanges, facilitating crypto payments and settlements in stablecoins for merchants. Users can transact using popular cryptocurrencies like Bitcoin and Ethereum, while merchants can receive payments in stablecoins including PayPal’s PYUSD and Circle’s USDC. The market for stablecoins, valued around $200 billion, is rapidly expanding, becoming a foundational component for digital asset trading and payments. Mesh CEO Bam Azizi emphasized the transformative potential of stablecoins in disrupting the current payment industry. This development occurs alongside increased venture capital interest in stablecoin services, highlighted by Stripe’s acquisition of the stablecoin platform Bridge. Triple-A, a Singapore-based payment company, also plans to support PayPal’s PYUSD, continuing the trend of integrating stablecoins in mainstream payment solutions.
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