Stablecoin Platform Mesh Raises $75M Series C Round

Stablecoin Orchestration Needs Solving

Its main use-cases that it serves come from diversified categories, from gaming and Web3 applications for crypto native users to more retail driven adoption across luxury purchases and travel booking that see high recurring costs and invoicing on a regular basis.

Stablecoin orchestration is still a complicated task that needs to be abstracted away from its onchain and offchain settlement corridors, and Mesh is ensuring just that.

On a competitive note, the moat for stablecoin companies is no longer issuance - this has been over time absorbed by the largest players and white-label solutions - but making interoperable stablecoin payments work.

Others like Eco and Borderless are tackling the problem from similar principles, with the former focusing on onchain bridging and the latter on broader payment and fx conversions.