Mesh, the crypto payments network, today announced a partnership with Paxos, the blockchain infrastructure and tokenization platform. This integration will now reportedly allow Paxos to deploy Mesh’s technology “across its customer base, in order to enable seamless crypto deposits from verified sources.”
By leveraging Mesh, Paxos can now offer its customers a “way to verify the ownership of external wallets and exchange accounts before depositing assets, including PayPal USD (PYUSD) and Global Dollar (USDG) that are issued by Paxos.”
This integration addresses a critical need in the industry “for safer transfer mechanisms, allowing Paxos to maintain its regulatory compliance standards.”
Additionally, Mesh will join the Global Dollar Network, the world’s stablecoin network with “economic upside.”
Mesh will help grow USDG utility and “ensure seamless deposits for the asset across its partner platforms.”
Ronak Daya, Head of Product at Paxos, commented that their firm offers its customers the opportunity to “participate in the digital asset economy.”
By integrating with Mesh, they’re ensuring those institutions “can move value with speed, scale and confidence.”
They are eager to welcome Mesh to Global Dollar Network and “look forward to increasing the utility of USDG and all Paxos-issued assets globally.”
Historically, transferring crypto has been a “cumbersome process for users. Mesh changes that, bringing the reliability and reach of traditional payment networks to digital assets.”
Its closed-loop system eliminates “manual errors and powers everyday experiences – from crypto deposits to merchant acceptance to compliant payouts.”
This partnership follows the launch of Mesh Wallet, which enables AI agents to complete “real-world transactions using stablecoins.”
Additionally, Mesh has secured over “$130 million in funding from investors like PayPal Ventures and Coinbase Ventures.”
The company also forged new partnerships with RedotPay and Rain, as well as expanded its “global footprint with a new office in India.”
Established back in 2020, Mesh is building the first global crypto payments network, connecting “exchanges, wallets, and financial services platforms to enable seamless digital asset payments and conversions.”
By unifying these platforms into a single network, Mesh is enabling an “open, connected ecosystem for digital finance.”
