MeshWallet Says It Raised $10M To Expand Gasless USDT Wallet

57 minutes ago 2



Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR MeshWallet says it has closed a $10 million private funding round. The wallet focuses on gasless USDT transfers on the TRON network. The financing was announced through a company-supplied press release rather than a separately disclosed institutional filing, so investor and valuation details remain limited. MeshWallet says it has raised $10 million in private funding to expand its gasless USDT wallet business. The TRON-focused wallet announced the round on September 23, saying the capital came from private investors and smaller family offices. Gas Fees Are Still A UX Problem For Stablecoins Stablecoins can make sending dollars across borders much easier. The user experience can still become awkward when somebody needs to hold a second token just to pay the blockchain fee. On TRON, that usually means a user transferring USDT also needs access to TRX or enough network resources to complete the transaction. Gasless wallets try to hide that complexity. MeshWallet is building around the idea that users should be able to hold and move USDT without separately thinking about the networ...

Read Entire Article