PANews reported on August 14th that, according to The Block, Mesh announced a new round of investment from PayPal Ventures, Coinbase Ventures, Uphold, ByBit, and SBI Japan, bringing its total funding to over $130 million. The new funds will be partially settled in the PayPal USD (PYUSD) stablecoin, with Mesh technology enabling instant transfers. Mesh provides businesses with crypto payment infrastructure, supporting user payments in over 100 cryptocurrencies and enabling instant settlement in stablecoins or fiat currencies. The company plans to use the new funding to expand its product offerings and APIs to serve more payment platforms.