Mesh Raise $82m to Bring Stablecoins Everywhere Ft. CEO Bam Azizi

This episode explores the burgeoning landscape of stablecoin adoption and its implications for payment infrastructure. Against the backdrop of a rapidly growing global crypto economy, the discussion centers on Mesh, a crypto payments infrastructure provider that recently secured $82 million in funding, largely in PYUSD. More significantly, the conversation delves into Mesh's evolution from facilitating on-ramps to self-custodial wallets to its current focus on enabling merchant acceptance of stablecoins via a user-friendly interface. For instance, Mesh allows users to pay with various crypto assets, automatically converting them to stablecoins for merchants who prefer this method. As the discussion pivoted to the broader stablecoin ecosystem, the panelists debated the future of stablecoin orchestration, highlighting the challenges and opportunities for PSPs and merchants in integrating with numerous exchanges and wallets. In contrast to the complexities of direct merchant integrations, Mesh positions itself as a neutral network connecting exchanges, wallets, and PSPs, streamlining the payment process. This means for the future of payments, a shift towards a more unified and efficient system leveraging stablecoins as a global currency is likely, with established payment companies potentially playing a dominant role.