Mesh, a crypto payments network, has announced a partnership with Paxos to enhance secure cryptocurrency deposits. The integration allows Paxos customers to verify external wallets and accounts before transferring assets like PayPal USD and Global Dollar. Mesh will also join the Global Dollar Network to boost stablecoin utility.
On December 15, 2025, in San Francisco, Mesh revealed its collaboration with Paxos, a prominent regulated blockchain infrastructure and tokenization platform. This partnership integrates Mesh's technology into Paxos's operations, enabling customers to make seamless crypto deposits from verified sources. Users can now confirm ownership of external wallets and exchange accounts prior to depositing assets, including those issued by Paxos such as PayPal USD (PYUSD) and Global Dollar (USDG).
The move addresses longstanding challenges in crypto transfers, which have often been inefficient and error-prone. Mesh's secure, closed-loop system mirrors the reliability of traditional payment networks, reducing manual mistakes and supporting compliant payouts. By prioritizing verification, Paxos upholds its regulatory standards while improving user experience for institutional clients.
Ronak Daya, Head of Product at Paxos, stated, "Paxos offers its customers the opportunity to safely participate in the digital asset economy. By integrating with Mesh, we're ensuring those institutions can move value with speed, scale and confidence. We're excited to welcome Mesh to Global Dollar Network and look forward to increasing the utility of USDG and all Paxos-issued assets globally."
As part of the deal, Mesh joins the Global Dollar Network, described as the world's fastest-growing stablecoin network. This aims to expand USDG's applications across partner platforms. Bam Azizi, Co-Founder and CEO at Mesh, commented, "Paxos serves some of the world's largest financial institutions, and powering safe, compliant crypto movement at that scale requires infrastructure that's both rigorous and seamless. By integrating Mesh, Paxos is setting a new bar for how assets should move across the entire global financial ecosystem: instantly, securely, and from verified sources. Together, we're enabling millions of end users to transact with the same confidence they expect from traditional finance while paving the way for the next wave of financial innovation."
The partnership builds on recent developments at Mesh, including the launch of Mesh Wallet, which allows AI agents to handle real-world stablecoin transactions. The company, founded in 2020, has raised over $130 million from investors like PayPal Ventures and Coinbase Ventures. It has also formed ties with RedotPay and Rain, and opened a new office in India to broaden its global reach.
