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Crypto

Crypto payments startup Mesh raises $75 million, reaches unicorn status

Crypto payment infrastructure firm Mesh raised $75 million in a Series C funding round led by Dragonfly Capital, Cointelegraph reported on Jan. 27 local time. Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures and Liberty City Ventures also participated. Mesh was valued at $1 billion. The company said part of the investment was paid in stablecoins and the funds will be used to expand its network into Latin America, Asia and Europe and accelerate product development.

Crypto

UK finalises cryptocurrency regulation, setting it apart from U.S.

Britain has finalised its cryptocurrency regulatory framework, Cointelegraph reported on Jan. 27. The Financial Conduct Authority proposed 10 regulatory measures over three years from 2023, gathered feedback and confirmed final rules for the crypto industry. The package is set to be fully implemented by October 2027. The UK’s centralised approach contrasts with the U.S. system involving multiple federal agencies and state-level regulation, including stablecoin licensing.

Crypto

Circle launches privacy stablecoin USDCx on Aleo blockchain

Circle has launched USDCx, a privacy version of its USDC stablecoin, on the privacy-focused Aleo blockchain, Cointelegraph reported on Jan. 27. USDCx is issued through Circle xReserve and is interoperable with major networks such as Ethereum without a separate third-party bridge. Circle previously said it would offer a privacy-enhanced stablecoin for banking and corporate customers. Cointelegraph also cited Grayscale research on rising interest in privacy coins.