Crypto payment company Mesh recently made headlines by successfully raising 82 million USD in a Series B funding round led by Paradigm, with most of the capital paid in PayPal's stablecoin PYUSD. This move not only marks a new advancement in expanding the global payment network but also confirms the booming trend of stablecoins in the digital asset sector. So, what is Mesh doing, and how does this impact the crypto market?
Mesh and the 82 Million USD Funding Round
Mesh, a company developing payment infrastructure on blockchain, announced the completion of its Series B round on 11/03/2025, raising a total of 82 million USD. The round was led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital. Notably, most of the funds were paid using #PYUSD – PayPal's stablecoin, indicating an increasing acceptance of digital assets in large transactions.
This capital will be used by Mesh to expand its global stablecoin-based payment network. CEO Bam Azizi shared on LinkedIn: “Regulations are becoming clearer, institutions are starting to participate, and stablecoins are booming. With this funding, we will make crypto payments as easy as using a credit card.” Mesh aims to connect crypto wallets with exchanges and payment service providers for merchants, creating a seamless ecosystem.
Mesh Technology: Simplifying Crypto Payments
#Mesh builds a payment network on the blockchain platform, allowing users to spend using crypto assets like Bitcoin ($BTC ), Ether ($ETH ), or Solana (SOL), while merchants receive payments in stablecoins like $USDC (Circle), PYUSD (PayPal), or RLUSD (Ripple). This technology eliminates manual conversion barriers, making transactions faster and cheaper than traditional banking systems. With over 400 million users in 100 countries through partners like MetaMask, Shift4, and Revolut, Mesh is positioning itself as a bridge between crypto and real-world payments.
Stablecoins: The Rising Star
Stablecoins are currently one of the fastest-growing sectors in crypto, reaching a market capitalization of 200 billion USD and a trading volume exceeding 27.6 trillion USD in 2024. Pegged to external assets (mainly USD), stablecoins play a core infrastructure role for digital asset transactions, while also becoming a popular medium for payments, savings, and remittances – especially in developing countries. This growth is attracting venture capital (VC) funds like Paradigm to invest in stablecoin projects.
Felix Hartmann, founder of Hartmann Capital, stated in a report on 11/03: “Stablecoins and tokenized assets will lead the next wave of growth in crypto.” Stripe's acquisition of the stablecoin platform Bridge for 1.1 billion USD in 2024 is clear evidence of the potential of stablecoins in global payments.
Impact on the Crypto Market
Short-term: Mesh's fundraising with PYUSD strengthens confidence in stablecoins, especially during turbulent market conditions (BTC 76,600 USD, liquidations of 930 million USD on 11/03). On Binance, the BTC/USDT or ETH/USDT pairs may see increased liquidity if Mesh successfully expands. Traders should monitor support at 75,000 USD (BTC) to catch the bottom or resistance at 80,000 USD if positive sentiment spreads.
Long-term: The participation of Mesh and giants like PayPal signals that crypto is getting closer to mainstream financial flows. Stablecoins are not only transaction bridges but also competitive tools against credit cards, which could boost the prices of BTC, ETH, and SOL as actual usage demand increases. However, with the Fear Index at 24, macro pressures (like Trump tariffs) remain a risk to consider.
Why PYUSD Was Chosen?
PYUSD, issued by PayPal on Ethereum and pegged to USD, offers advantages: instant transactions, low costs, transparency, and 24/7 operation. This is the second time Mesh has raised funds using PYUSD (previously from PayPal Ventures in 2024), indicating a trend of VCs using stablecoins for financing – a historic step in venture capital.
Conclusion: Mesh and the Future of Crypto Payments
Mesh raising 82 million USD with PYUSD is not only a victory for the company but also a milestone for the boom of stablecoins. With technology simplifying crypto payments and backing from major names, Mesh has the potential to reshape how we transact globally. Binance users should prepare for short-term volatility and long-term opportunities as stablecoins lead the new wave. Could this be the beginning of a payment revolution?
Risk warning: Investing in crypto is highly risky due to price volatility. Only invest money you are willing to lose.