The MONH cryptographic payments firm announced Tuesday that it has raised $ 82 million to expand its Payment settlement network based on Stablcoin worldwide.
The B series round was directed by Paradigm, with consensys, quantumlight, Yolo Investments, Evolution VC, Hike Ventures, timely and high capital participating.
Most of the capital increase was resolved in Pyusd Stablecoin of PayPal, according to the press release.
Mesh develops a network of payments in blockchain rails, connecting cryptography wallets with exchanges of payment service providers for merchants. With Mesh, users can pay with cryptographic assets such as Bitcoin (BTC), Ethher (ETH) and Solana’s Sol, while merchants solve the payment in Stablecoins of their choice, including the USDC of Circle, Paypal Pyusd and Ripple Rlusd.
“The regulatory clarity is taking shape, the institutions are leaning and the stables are booming, Bam Azizi, CEO and co -founder of Mesh, said in a LinkedIn post on Tuesday.” With this capital, we are expanding worldwide to make cryptographic payments as easy as using a credit card. “
Stablecoins is one of the fastest growing sectors in cryptography, and has multiplied by a class of $ 200 billion assets within digital assets. With its prices anchored to an external asset, predominantly to the US dollar, they serve as a key infrastructure piece for digital asset trade. They are also an increasingly popular vehicle for payments, savings and remittances, especially in developing countries, as a cheaper and faster alternative to traditional bank rails.
Thanks to rapid growth, risk capital companies increasingly invest in projects that build Stablecoin services and infrastructure. Felix Hartmann, founder and general partner of the investment firm Hartmann Capital, said in a Tuesday report that the “great cryptography trade” are Stablecoins, since together with the tokenized financial assets they will lead the next growth wave in the adoption of digital assets.
The acquisition of Payments Giant Stripe of the Stablecoin platform bridge for $ 1.1 billion last year was a fundamental moment, underlining the potential of the stablecoins in the panorama of global payments.
