Mesh announced the successful raising of $82 million in Series B funding, with Paradigm leading the round and several well-known institutions like Consensys participating. The Web3 payment system developed by Mesh simplifies the settlement process between cryptocurrency assets and merchants, allowing users to pay without needing to exchange assets in advance. Most of this round of funding was settled via PayPal USD, highlighting the potential of stablecoins in the payment sector. Mesh is committed to building a global cryptocurrency payment network and has established partnerships with companies like Revolut and Shift4.