MeshWallet Raises $10M to Disrupt Stablecoin Fees on TRON

MeshWallet, a Tallinn-based company, has raised $10 million in a private funding round to expand its gasless USDT wallet on TRON and build new services around its self-custodial payments platform.

The company's product removes the need for users to hold TRX when sending USDT over the TRON network. Instead of requiring TRX to cover transaction costs, MeshWallet settles fees using USDT, allowing senders to manage transfers without keeping a separate balance of TRX.

TRON has become one of the largest settlement networks for Tether's USDT, processing $2.1 trillion in USDT transfers during the second quarter of 2026. At the end of that quarter, $USDT supply on the blockchain stood at $87.9 billion, accounting for 98.5% of its stablecoin supply.

MeshWallet operates as a self-custodial wallet, meaning private keys remain on the user's device instead of being stored by the company on a centralized server. The codebase is open source, and two independent security audits are underway.