PayPal Ventures Uses PYUSD Stablecoin for $5 Million Investment in Crypto-Based Financial Transactions Startup Mesh

PayPal Ventures has invested $5 million in Mesh, a digital assets startup, using its PYUSD stablecoin. Mesh enables secure crypto-based financial transactions and serves as a way to move funds between crypto exchanges, wallets, and financial apps that support crypto. The advantage of the service is that it doesn't require users to cut and paste a long string of characters, which is a poor security practice. In addition to the stablecoin investment, PayPal Ventures also added $1.5 million in cash.