Crypto payments network Mesh has reached unicorn status after raising $75 million in a Series C funding round that values the company at $1 billion. The round was led by Dragonfly Capital, with support from Paradigm, Coinbase Ventures, and others.
Mesh focuses on fixing fragmentation in crypto payments by allowing users to pay with any digital asset while merchants receive instant settlement in their preferred stablecoin.
The company aims to bypass slow settlements and high fees common in traditional finance.
A portion of the funding was settled with stablecoins, which Mesh says demonstrates that its infrastructure is ready for high-value, real-world transactions.
The rise shows that investors continue to fund cryptocurrency infrastructure even during weak market periods.Mesh plans to use the funds to expand its network and connect wallets, chains, and assets into a unified payment system.
The company believes seamless crypto payments are key to unlocking broader adoption in global commerce.
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