{"id":51573,"date":"2025-03-12T14:04:39","date_gmt":"2025-03-12T14:04:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51573"},"modified":"2025-03-12T14:04:39","modified_gmt":"2025-03-12T14:04:39","slug":"mesh-secures-82-million-in-funding-payment-made-in-paypal-usd-stablecoin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51573","title":{"rendered":"Mesh Secures $82 Million In Funding: Payment Made In PayPal USD Stablecoin"},"content":{"rendered":"

San Fransisco based crypto payment network, Mesh, has announced<\/a> closing a $82 million Series B funding round, bringing its total amount raised to over $120 million. In a first, most of the $82 million of investments were settled with PayPal USD (PYUSD) stablecoin.<\/span><\/p>\n

The company is aiming to build first global crypto payments network with the funding. \u201cNow, the company can further accelerate product development and the expansion of its APIs to power hundreds of crypto and payments platforms,\u201d Mesh said.\u00a0<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n

A Historical Precedent For Stablecoin Funding<\/h2>\n

According to the company PYUSD was leveraged to close funding instantly and Mesh\u2019s technology was used to transfer the assets.<\/p>\n

\u00a0Breaking: I\u2019m proud to share that @meshconnectapi<\/a> has raised $82 million in Series B funding to build the first truly global #crypto<\/a> #payments<\/a> #network<\/a> \u2013 one that makes crypto as easy, seamless, and universal to use as fiat.\u00a0Most of the investments were closed with PayPal\u2026 pic.twitter.com\/IOSq2BYFZF<\/a><\/p>\n

\u2014 Bam Azizi (@bamazizii) March 11, 2025<\/a><\/p>\n\n

Commenting on the funding, Bam Azizi, CEO and Co-Founder of Mesh said, \u201cStablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards, and Mesh is now first in line to scale that vision across the world.\u201d<\/p>\n

\u201cWith this funding, we\u2019re expanding the first truly global crypto payments network \u2013 one that allows users to pay with any crypto they hold while ensuring merchants can settle in the stablecoin of their choice, just like they do with fiat today.\u201d said Azizi.<\/p>\n

Furthermore, the company said that the benefits of using stablecoins for VC funding are that it\u2019s instant, cheap, transparent, and available 24\/7.<\/p>\n

\u201cWe think\u00a0crypto\u00a0and stablecoins will be an enormous transformation to payments,\u201d said\u00a0Charlie Noyes<\/span>, General Partner at Paradigm. \u201cMesh makes paying with\u00a0crypto\u00a0as simple as using a credit card for users and merchants while preserving the benefits of transacting over blockchain rails.\u201d<\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

Partners Include MetaMask, Shift4, Revolut<\/h2>\n

On 11 March 2025, Mesh revealed that the round was led by Paradigm. It also saw participation from Consensys (parent company of MetaMask), QuantumLight Capital (started by Revolut Founder & CEO Nik Storonsky<\/span>), Yolo Investments, and others.<\/p>\n

Mesh previously raised from investors including PayPal Ventures, Galaxy Ventures, and MoneyForward. Mesh\u2019s list of partners includes MetaMask, Shift4, and Revolut.<\/p>\n

The company said that it is on track to become an integral part of global payments as the industry moves towards a stablecoin-dominated ecosystem, with stablecoins already representing over a $200 billion<\/span>\u00a0market cap and surpassing\u00a0$27.6 trillion<\/span> in transaction volume in 2024.<\/p>\n

EXPLORE:\u00a0<\/span>Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n

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Key Takeaways<\/h3>\n


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\n Mesh is planning to build the first global crypto payments network with the funding with freshly secured $82 million funding.<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span> In a historic moment for both venture funding and stablecoins, most of the investments were settled with PayPal USD\u00a0 stablecoin.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


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<\/span><\/p>\n<\/div>\n

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The post Mesh Secures $82 Million In Funding: Payment Made In PayPal USD Stablecoin<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

San Fransisco based crypto payment network, Mesh, has announced closing a $82 million Series B funding round, bringing its total amount raised to over $120 million. In a first, most of the $82 million of investments were settled with PayPal USD (PYUSD) stablecoin. The company is aiming to build first global crypto payments network with […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51573","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51573"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51573"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51573\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}