TechFlow news — On March 12, according to PR Newswire, crypto payment network company Mesh has completed an $82 million Series B funding round aimed at building the world's first true cryptocurrency payment network, making crypto payments as simple, seamless, and widespread as fiat. The majority of this round was settled in PayPal USD (PYUSD) stablecoin.
The round was led by Paradigm (Charlie Noyes and Matt Huang), with participation from Consensys, QuantumLight (Ilya Kondrashov and Nik Storonsky), Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital, bringing Mesh’s total funding to over $120 million.
Mesh is building a unified network operating system that connects wallets, exchanges, payment service providers, and businesses. Users can pay using any assets they hold—such as BTC, ETH, or SOL—while merchants can choose to settle in stablecoins like PYUSD, RLUSD, or USDC. Mesh CEO and co-founder Bam Azizi stated that with clearer regulations, increased institutional involvement, and a thriving stablecoin market, the crypto industry is now ready for mainstream adoption, with payments serving as the key breakthrough point.
