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Paradigm led Mesh’s $82 million Series B funding round, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital.
Mesh announced that it raised $82 million in a Series B round to expand its global stablecoin payments network.
Mesh is a Web3 payments network that facilitates crypto payments while allowing merchants to settle in stablecoins.
Mesh's payments network is supported by major partners, including fintech firm Revolut and payments provider Shift4.
Mesh developed a blockchain-powered payments system that allows users to pay with crypto assets such as bitcoin (BTC), ether (ETH) and Solana's SOL, while merchants receive stablecoins.
Mesh CEO Bam Azizi stated that Mesh’s Series B funding will accelerate global expansion and make crypto payments as simple as using a credit card.
Mesh's $82 million Series B round was funded mostly in PayPal’s PYUSD stablecoin.

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Mesh raised $82M to scale its stablecoin settlement network

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