The landscape of digital payments is evolving rapidly, with infrastructure companies like Mesh leading the charge. Recently, the San Francisco-based crypto payments infrastructure firm successfully closed a Series C funding round, raising an impressive $75 million. This significant investment, led by Dragonfly Capital, not only propels Mesh's total funding past $200 million but also cements its status as a unicorn with a valuation of $1 billion. This milestone underscores the growing confidence in crypto-native solutions for global transactions.
Mesh's Vision for Global Payment Interoperability
Mesh's latest funding round, which saw participation from notable investors like Paradigm, Coinbase Ventures, and SBI Investment, will be instrumental in fueling its ambitious expansion plans. The company aims to broaden its crypto payment network across key regions including Latin America, Asia, and Europe, while also accelerating product development. Notably, a portion of these funds was settled using stablecoins, bypassing traditional banking channels and showcasing the very innovation Mesh champions. Since its inception in 2020, Mesh has built an extensive network integrating exchanges, wallets, and financial service platforms, enabling users to make payments with digital assets while merchants receive their preferred stablecoin or fiat currency. This interoperability has already allowed Mesh to reach over 900 million users globally, reflecting its significant impact on simplifying cross-border payments.
The Rise of Stablecoin Infrastructure Investment
Mesh's success is not an isolated event but rather indicative of a broader trend in the financial technology sector: a surge in investment in stablecoin-related infrastructure. This wave of funding coincides with legislative developments such as the approval of the GENIUS Act in the United States, positioning companies for wider adoption of dollar-backed tokens in payments and cross-border settlements. Other key players, including Stripe's blockchain project Tempo, stablecoin infrastructure provider Rain, and VelaFi, have also recently secured substantial funding rounds, collectively demonstrating robust investor interest in the underlying technology that powers stablecoin transactions. This concentrated investment highlights a collective industry effort to build robust, scalable, and efficient digital payment rails, with the overall stablecoin market capitalization growing by approximately 51% since January 2025 to reach $308.3 billion.
