Mesh has joined the Global Dollar Network (GDN), a stablecoin network powered by US dollar-backed stablecoin Global Dollar (USDG).
In a statement, Mesh said that, as GDN partner, it will help “drive USDG utility” across its ecosystem of more than 300 exchanges, wallets and financial platforms.
GDN positions itself as an open network of enterprises which are working to grow stablecoin adoption through “aligned economic incentives”. The network has more than 130 enterprise partners and nearly $3bn in USDG market capitalisation.
GDN’s partner base includes payments, fintech and crypto firms. Listed partners include Anchorage Digital, Bullish, Kraken, Nuvei, OKX, Paxos, Robinhood and Worldpay.
USDG is issued by Paxos Digital Singapore and Paxos Issuance Europe. The stablecoin, described as compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation, is available on Solana, Ink, X Layer and Ethereum.
Mesh co-founder and CEO Bam Azizi said: “For too long, moving crypto was just about speculation and felt nothing like real finance.
“We are changing that by building the plumbing that makes stablecoins actually useful. Our network gives USDG the interoperability it needs to become an everyday tool for moving money — with the speed of software and the safety of a bank transfer.”
Paxos chief revenue officer Peter Jonas said: “Global Dollar Network is built to expand trusted stablecoin adoption at scale.
“By joining GDN, Mesh helps extend the reach and utility of USDG across hundreds of financial platforms in its global ecosystem.”
Mesh’s GDN membership follows several recent announcements by the company. These include joining the Canton Network, a partnership with Circle, and the launch of Mesh Wallet, which the company said supports AI-agent transactions in stablecoins.
The crypto payments network, which achieved unicorn status after closing a $75m Series C funding round in January, has also expanded into APAC and EMEA regions.
“Mesh joins Global Dollar Network to support USDG settlement” was originally created and published by Electronic Payments International, a GlobalData owned brand.
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