Mesh, a San Francisco–based crypto payments infrastructure company, raised $75 million in a Series C funding round led by Dragonfly Capital, bringing its total funding to over $200 million and valuing the company at $1 billion. The funds will be used to expand the crypto payments network globally, with a recent expansion into India. Mesh connects exchanges, wallets, and financial services platforms, serving over 900 million users worldwide.

The passage of the GENIUS Act in the US has sparked investment in stablecoin infrastructure. Rain, a stablecoin infrastructure provider, raised $250 million, while VelaFi secured $20 million in funding. The stablecoin market has grown to $308.3 billion from $204.8 billion in January 2025, representing a 51% increase. Companies like Stripe and Tempo are positioning themselves for the broader use of dollar-backed tokens in payments and cross-border settlement.

Read more at Cointelegraph: Mesh raises $75M Series C to Expand Crypto Payments Network