Mesh, a pioneering global crypto payments network established in 2020, has announced securing $82 million in funding to expand its global crypto payments infrastructure.
Its network, which interconnects prominent exchanges, wallets, and financial services, allows users to transact using various crypto assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Notably, merchants receive the equivalent value in stablecoins like PYUSD or USDC, ensuring predictable settlements.
As stablecoins gain prominence in global crypto payments, Mesh disclosed that a significant portion of its $82 million funding was settled in PayPal-backed USD stablecoin (PYUSD). The funding round was led by Paradigm, with participation from ConsenSys, QuantumLight Capital, and Yolo Investments—marking a major milestone in Mesh’s mission to enhance seamless crypto transactions and further integrate stablecoins into global payment networks.
Announcing our $82M Series B, led by @paradigm!
Excited to scale the first global crypto payments network, enabling seamless and secure digital asset payments + conversions.
Thank you to our investors, partners & team for making this milestone possible!… pic.twitter.com/D8x7QaTyYW
— Mesh (@meshconnectapi) March 11, 2025
Mesh’s Global Payment Network – ‘Making Crypto as simple as fiat’
Mesh, at the forefront of crypto payments innovation, provides users and merchants a secure, efficient, and user-friendly platform that connects exchanges, wallets, and financial services.
With over 300 supported platforms, including major crypto exchanges like Binance, Coinbase, and MetaMask, Mesh enables users to transact directly from their wallets without requiring traditional intermediaries. This integration simplifies the payment process, eliminating the need for manual address entries or switching between platforms.
By eliminating the need for manual address inputs and reducing transaction friction, Mesh aims to streamline crypto adoption in everyday payments. Notably, last year in November, Mesh, as the U.S. fintech whose investors include PayPal Ventures, joined forces with Reown (formerly WalletConnect) to launch wallet ownership verification for UTXO-based assets, beginning with Bitcoin.
And now Mesh aims to use the newly secured funds to expand Mesh’s payment infrastructure, focusing on integrating more financial institutions and enabling broader stablecoin settlements.
Stablecoins at the Center of VC Funding
As mentioned, one of the most notable aspects of Mesh’s funding round is that a significant portion of the investment was settled using PayPal’s stablecoin (PYUSD). This highlights the growing role of stablecoins in institutional finance, demonstrating their ability to serve as a bridge between crypto and traditional financial ecosystems.
The adoption of stablecoins and the other cryptocurrencies for the global real-world payments has been witnessing accelerating attention with major firms such as Stripe, PayPal, Plume, among others, working towards it.
Stablecoins, such as PYUSD, USDC, and USDT, have gained traction as preferred digital assets for global payments due to their price stability and instant settlement capabilities. Mesh is actively working to enhance its stablecoin-based settlement network, allowing businesses to accept various cryptocurrencies while receiving stable and predictable payouts in USD-pegged digital assets.
In another recent boost to the accelerating stablecoin adoption, the US administration has been witnessing significant momentum in Washington for the passage of new Stablecoin Bill, known as Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
The Future of Crypto Payments
As crypto adoption continues to grow, the demand for reliable payment infrastructure is increasing. Mesh’s success in securing $82 million in funding signals a strong market demand for frictionless, stablecoin-based payments.
With an increasing number of companies and merchants embracing crypto transactions, Mesh is well-positioned to become a key player in the Web3 financial ecosystem. As the regulatory landscape evolves and stablecoins gain wider acceptance, platforms like Mesh will play a crucial role in bridging the gap between crypto and traditional finance.
Thus, with the backing of leading investors and a clear roadmap for expansion, Mesh is poised to reshape the future of digital transactions. As the company scales its operations, the impact of stablecoins and crypto payments on mainstream finance is expected to grow, paving the way for a more efficient and interconnected digital economy.
For more updates on Mesh and its global expansion, stay tuned to BrandTalk on our latest reports on advancements by Web3 Brands.
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