Back in August, PayPal introduced a new stablecoin onto the market called PYUSD, leading to a flurry of analysis and speculation about the asset’s utility in the Web3 space. Recently, attention has turned toward the stablecoin’s application in venture capital investments.

PayPal announced on Monday a $6.5 million investment in Mesh, a company specializing in enhancing digital transaction security and efficiency. $5 million of the investment was paid out in PYUSD.

Mesh, already a part of PayPal’s portfolio, has previously been involved in various initiatives and collaborations that align with PayPal’s strategic goals in the digital payments space.

This marks PayPal Ventures’…

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