Mesh Raises $75M Series C, Reaches $1B Valuation in Payments Push

In Brief

• Mesh raises $75M Series C, reaching a $1B valuation and over $200M total funding.
• Dragonfly Capital leads round backing universal, asset-agnostic crypto payments.
• Mesh targets global expansion as stablecoin payments and liquidity continue to grow.

Mesh has secured $75 million in a Series C funding round, pushing its valuation to $1 billion and total capital raised above $200 million. The funding highlights strong investor confidence in crypto payments infrastructure as adoption moves toward real-world use.

The round was led by Dragonfly Capital, with participation from Paradigm, Coinbase Ventures, SBI Investment, and other backers. Mesh said the capital will support its mission to build a unified crypto payments network for global commerce.

The company positions itself as a payments layer connecting fragmented wallets, blockchains, and digital assets. It aims to replace slow settlement processes and high fees associated with traditional payment systems.

Mesh Expands Universal Crypto Payments Network

Mesh plans to use the new funding to accelerate expansion across Latin America, Asia, and Europe. The company stated that its existing network already reaches more than 900 million users worldwide.

The platform operates on an asset-agnostic model that allows consumers to pay with various cryptocurrencies. At the same time, merchants can receive instant settlement in stablecoins or local fiat currencies.

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Mesh said its infrastructure hides technical complexity while delivering fast and efficient payments. The company emphasized interoperability as a key requirement for scaling crypto payments globally.

In 2025, stablecoins reached a $300 billion market capitalization and processed more than $27 trillion in transactions. Mesh views this growth as evidence of rising demand for compliant and scalable payment infrastructure.

To demonstrate enterprise readiness, Mesh settled part of the Series C round using stablecoins.
The company said the settlement showed blockchain-native payments can meet institutional standards.

In other news, the combined market capitalization of the top 12 stablecoins fell by $2.24 billion over the past 10 days, alongside an 8% Bitcoin price decline. 

The drop suggests capital is rotating into traditional safe havens like gold and silver, while investors increasingly exit crypto to fiat instead of holding stablecoins. Shrinking stablecoin supply has reduced short-term buying power, pressuring altcoins more than Bitcoin and slowing potential market rebounds.