# Mesh Digest #9 *Exploring the Latest in Crypto Connectivity* By [Mesh](https://paragraph.com/@mesh) · 2024-11-20 stablecoins, cryptocurrency, crypto, bitcoin, payments --- Welcome back to **Mesh Digest**, your gateway to the latest in fintech, blockchain, and digital transformation. In this issue, we bring you updates from Mesh, industry breakthroughs, and exciting recognitions. Dive in to explore how Mesh and the global crypto landscape continue to evolve! * * * ### 🏆 **Mesh Wins Best Payments Orchestration Award** We are thrilled to announce that **Mesh** has been awarded _"Best Payments Orchestration for Digital Assets"_ by _The Digital Banker_ at the Digital Assets Awards 2024! This recognition celebrates Mesh's dedication to revolutionizing crypto payment solutions by offering **seamless, secure, and scalable** services. Thank you to our team and partners for their support as we set new benchmarks in crypto payments innovation​. [ Mesh on LinkedIn: #mesh #crypto #embeddedfinance #payments ---------------------------------------------------------- 🏆 Another award to add to the shelf! We're thrilled to announce that Mesh has been recognized as the "Best Payments Orchestration for Digital Assets" at The... https://www.linkedin.com ![](https://storage.googleapis.com/papyrus_images/146ea9fce076a11f285b7a5fb2dadaed.jpg) ](https://www.linkedin.com/posts/meshconnectapi_mesh-crypto-embeddedfinance-activity-7263223917178236929-Czp9?utm_source=share&utm_medium=member_desktop) * * * ### 🔧 **Web3 Tooling: Insights from CTO Arjun Mukherjee** In a recent LinkedIn [post](https://www.linkedin.com/posts/arjun-mukherjee_web3developers-cryptoinnovation-activity-7262811407316901889-JZTY/?utm_source=share&utm_medium=member_desktop), Mesh CTO **Arjun Mukherjee** highlighted a pivotal shift in Web3 tooling. He emphasized how modern innovations like **smart contract toolkits** and platforms like the **Snaps directory** are empowering developers. The shift away from "reinventing the wheel" towards leveraging ready-made solutions is paving the way for unprecedented **Web3 innovation**. As Arjun aptly stated, "The age of Web3 innovation has truly arrived." Let's keep building! 🚀​. [ Arjun Mukherjee on LinkedIn: #web3developers #cryptoinnovation -------------------------------------------------------------- Beyond the bullishness and market exuberance, there's an even greater cause for optimism: we're finally seeing a sea change in web3 tooling. I've been pretty... https://www.linkedin.com ![](https://storage.googleapis.com/papyrus_images/e6fa5a73b11aa1eba9b91d1d7946bfd8.jpg) ](https://www.linkedin.com/posts/arjun-mukherjee_web3developers-cryptoinnovation-activity-7262811407316901889-JZTY/?utm_source=share&utm_medium=member_desktop) * * * ### 🌍 **Industry Highlight: UK Pilots Blockchain for Government Debt** The UK has unveiled plans to pilot its **Digital Gilt Instrument Technology (DIGIT)**, leveraging distributed ledger technology for issuing government debt. This move underscores blockchain's potential in enhancing **efficiency, transparency, and resilience** in traditional finance. For Mesh, this initiative resonates with our mission of simplifying digital transactions. Stay tuned as we explore opportunities to contribute to this transformative journey​. * * * ### 🔒 **Mesh Verify: Pioneering Travel Rule Compliance** With regulatory deadlines looming, Mesh Verify now supports wallet ownership verification for **UTXO-based assets**, including Bitcoin. This ensures seamless compliance with the **European Banking Authority's Travel Rule**, set to take effect on **December 30, 2024**. By enhancing security and usability, Mesh Verify empowers businesses to confidently navigate regulatory landscapes while driving secure crypto adoption​​. [ Mesh on LinkedIn: #mesh #crypto ------------------------------- 🌟 The Future of Government Debt Instruments: UK to Pilot Digital Gilt Instrument (DIGIT) 🌟 On November 14th, the UK Government made a groundbreaking... https://www.linkedin.com ![](https://storage.googleapis.com/papyrus_images/f31369cbcd157d0282e493043693ccf6.jpg) ](https://www.linkedin.com/posts/meshconnectapi_mesh-crypto-activity-7264323447726452738-LviX?utm_source=share&utm_medium=member_desktop) * * * ### 🌟 **Industry Highlight: Binance’s New High-Yield Stablecoin** Binance has announced the launch of its **supercharged stablecoin, BFUSD**, offering an estimated annual yield of **19.55%**—far outpacing competitors. This high-yield option, available to VIP users, and supported by a reserve fund holding 1.1 million USDT as of Nov. 17, showcases Binance's innovative approach to stablecoins amidst mainstream market adoption of stablecoin businesses. [ Binance launches yield-bearing stablecoin BFUSD with roughly 20% APY -------------------------------------------------------------------- The new stablecoin foray by Binance is directly related to its futures services, and the rewards are not available for countries under the MiCA. https://cryptoslate.com ![](https://storage.googleapis.com/papyrus_images/93e3047798231ee031c939fe3fcfe32e.jpg) ](https://cryptoslate.com/binance-launches-yield-bearing-stablecoin-bfusd-with-roughly-20-apy/) * * * ### 🔗 **Crypto Payments Revolution: 3 Problems Solved by Mesh** CEO **Bam Azizi** highlights in a recent [post](https://www.linkedin.com/posts/activity-7264642334548467712-Bay2/) how Mesh tackles crypto payment challenges: 1. **Stablecoin Gaps**: Users often lack stablecoins, while payment processors demand them. 2. **Insufficient Tokens**: Users frequently don’t have the right token to pay. 3. **Seamlessness**: Current crypto payments are manual and clunky. 🚀 **Solution**: Mesh’s **SmartFunding** enables asset conversion, automatic top-ups, and familiar checkout experiences, bridging these gaps to power seamless crypto payments​. * * * ### 📰 **Stay Tuned for More** Subscribe for real-time updates and insights, and as always, follow us on [X](https://x.com/meshconnectapi) and [LinkedIn](https://www.linkedin.com/company/meshconnectapi) for real-time news and announcements. Stay connected, The Mesh Team. --- *Originally published on [Mesh](https://paragraph.com/@mesh/mesh-digest-9)*