Mesh CEO Bam Azizi won’t be going back to the normal way of raising venture capital. And by that I mean, he won’t be waiting on a wire transfer to settle in Mesh’s bank account.
Instead, he prefers to receive it in stablecoins.
Earlier this week, Mesh announced that it raised $82 million in a Series B led by Paradigm. The money was then sent over to Mesh using PayPal’s stablecoin PYUSD, using his own firm’s technology.
Pretty fitting if you ask me, given that PayPal Ventures participated in their Series A.
Binance recently announced that Abu Dhabi’s MGX also sent over its investment via stablecoins, though the sum was just a smidge bigger — a cool $2 billion.
