Crypto payments firm Mesh has successfully raised $82 million in a Series B funding round aimed at expanding its stablecoin-based payments settlement network globally. The funding was primarily settled in PayPal's PYUSD stablecoin and led by investment firm Paradigm, with participation from several other firms including ConsenSys and Evolution VC. Mesh's platform allows users to make payments with various crypto assets like Bitcoin, Ether, and Solana's SOL, while enabling merchants to settle these transactions in stablecoins of their choice, such as USDC and PYUSD. With CEO Bam Azizi noting the regulatory clarity and growing institutional interest, the company plans to enhance global crypto payment solutions, asserting the ease akin to traditional credit card transactions. Stablecoins, which have become integral to the crypto ecosystem, are valued at around $200 billion, providing efficient alternatives for payments, especially in developing regions, further fueling investments in stablecoin-related projects.

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