Mesh, a crypto payments firm led by CEO Bam Azizi, recently raised $82 million in a Series B funding round, which was swiftly settled in stablecoins using its own technology. This round was led by Paradigm and completed using PayPal's stablecoin, PYUSD. Azizi has announced that future funding rounds will exclusively utilize stablecoins, citing a desire to avoid the delays associated with traditional bank wire transfers. The rapid nature of this funding process contrasted with previous rounds, with activities moving from investor discussions in January to closure in just a few weeks. Mesh aims to simplify payment processes to be accessible for everyone, making the technology compatible for various stakeholders without directly interacting with consumers. This latest funding is part of their ongoing development in the crypto payment space, particularly focusing on stablecoins, building upon previous successes, and connecting different networks rather than competing directly with other blockchain players.

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