Crypto Payment’s Firm Mesh announced on Tuesday that it has raised $ 82 million to expand its stablecoin-based payments for settlement networks globally.

The Series B round was led by paradigm, with Consensys, Quantumlight, Yolo Investments, Evolution VC, Vanke Ventures, Opportune and Altair Capital participating.

Most of the capital increase was decided in PayPal’s Pyusd StableCoin, according to the press release.

Mesh is developing a payment network on blockchain rails connecting Crypto -cartoon books with the exchange of payment service providers for merchants. With Mesh, users can pay with crypto assets such as Bitcoin (BTC), Ether (ETH) and Solana’s sun, while merchants make the payment in stablecoins of their choice, including Circle’s USDC, Paypal’s Pyusd and Ripple’s RLUSD.

“Regulatory clarity takes shape, institutions lean in, and stableecoins are blooming, BAM AZIZI, CEO and co -founder of Mesh, said in a LinkedIn post on Tuesday.” With this capital, we are expanding globally to make crypto payments like easy as using a credit card. “

Stableecoins are one of the fastest growing sectors in crypto and have spongy to an asset class of $ 200 billion in digital assets. With their prices that are anchored to an external asset, predominantly to the US dollar, they act as an important piece of infrastructure for trade in digital asset. They are also increasingly popular vehicle for payments, savings and transfers, especially in developing countries, as a cheaper and faster alternative to traditional banking rails.

Thanks to the rapid growth, VC companies are increasingly investing in projects that build stablecoin services and infrastructure. Felix Hartmann, founder and general partner at the investment company Hartmann Capital, said in a Tuesday report that the “large crypto” is stablecoins, which together with tokenized financial assets they will lead the next wave of growth in the adoption of digital asset.

Payments Giant Stripe’s acquisition of StableCecoin Platform Bridge for $ 1.1 billion last year was a central moment, emphasizing the potential of stablecoins in the global payment landscape.