MeshWallet Raises $10 Million for TRON-Based USDT Wallet
The Tallinn-based wallet lets users pay transaction fees in USDT instead of holding TRX and will use the funding to expand its product and user ecosystem.
MeshWallet has raised $10 million in private funding to expand its product roadmap and user ecosystem as stablecoin activity on the TRON network continues to grow.
The Tallinn-based wallet operates on TRON and allows users to send Tether’s USDT without holding TRON (TRX), the network’s native token, to cover transaction fees. Fees are settled directly in USDT, removing the need to manage a second token for transfers.
The round was led by private investors and small family offices. MeshWallet plans to use the capital to develop its products and expand its user ecosystem.
The funding comes as TRON’s stablecoin activity expands, with the network recently processing nearly 100 million weekly transactions and an estimated $150 billion to $190 billion in stablecoin transfers per week. Stablecoin transfers, particularly those involving USDT, have become a major use of the network.
