Crypto Payments Firm Mesh Eyes $2 Billion Valuation Backed by Binance

Binance is reportedly ready to lead a new funding round for crypto payments company Mesh .

That’s according to Axios, which says the round could value Mesh at up to $2 billion. The report, citing sources familiar with the matter, noted that the funding round comes amid increasing demand for digital asset-to-fiat transfer tools, payment systems, and settlement infrastructure.

Mesh was valued at $1 billion earlier this year after raising $75 million in a Series C funding round, money it said would help it woo FinTech clients in Asia, Europe and Latin America.

“We strongly believe that the future of the economy is tokenized, and this tokenized economy will be heavily fragmented,” Bam Azizi, Mesh’s co-founder and CEO, said in an interview with Bloomberg News, adding that businesses and consumers “need something like Mesh that abstracts all of that complexity.”

The company raised an additional $82 million in 2025 to speed product development and the expansion of its application programming interfaces (APIs).

PYMNTS spoke with Azizi in 2025 at Stablecon about the logistics of making stablecoins a more universal method of payment.

“The biggest problem in crypto is not adoption, it’s the user experience,” Azizi said. “You need to make payments so simple that even a grandmother will use it one day, maybe without even knowing that the mechanism behind the scenes is a stablecoin … to do that, you need to do a lot of heavy lifting.”

In a more recent report, PYMNTS noted that stablecoins don’t need to become a “consumer habit” to transform into a force in corporate payments .

“They only need to become useful enough, compliant enough and embedded enough that businesses stop thinking of them as crypto at all,” that report said.

“And while there is a huge untapped opportunity for corporate adoption, the flip side of that coin is that most businesses today aren’t that interested in stablecoins.”

Research from “Waiting for Certainty: Why Most CFOs Are Holding Back on Crypto and Stablecoins,” a recent installment of PYMNTS Intelligence’s 2026 Certainty Project, found that most middle market companies are still cautious about digital assets. Usage is limited, with 13% of firms using stablecoins and 5% employing other forms of crypto.

“Building enterprise payments infrastructure, after all, is not just a software problem,” the report added. “It requires market access, compliance capacity, liquidity relationships, risk management and trust. In other words, stablecoin infrastructure has to look less like crypto experimentation and more like institutional-grade financial plumbing.”