Mesh Connect announced it has reached a $1 billion valuation just five years after its founding, following a $75 million Series C funding round led by Dragonfly Capital. According to the company’s official statement, other participants included Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment, and Liberty City Ventures. The funding, part of which was settled in stablecoins, brings Mesh’s total raised capital to over $200 million. Mesh aims to bridge fragmented cryptocurrency payment systems, enabling asset-agnostic transactions and instant stablecoin settlements for merchants.