TRON-based MeshWallet raises $10M to expand gasless USDT wallet

MeshWallet, a Tallinn‑based fintech firm, announced a $10 million private funding round aimed at scaling its gasless USDT wallet on the TRON blockchain and adding new services for retail and business users.

Funding round details

The capital was contributed by private investors and small family offices, with the round led by a group of these investors. MeshWallet plans to allocate the funds to product development and to grow its user ecosystem.

How the gasless wallet works

Traditional TRON transactions require a balance of TRX to cover network fees. MeshWallet’s wallet settles fees in USDT, allowing users to send TRC20 USDT without holding TRX. The fee is still paid to the network, but the cost is presented to the user in USDT and handled by the wallet service.

Target markets

• Individuals who make occasional or frequent stablecoin transfers for payments, trading, or peer‑to‑peer transfers.
• Businesses that want to accept or send stablecoin payments without maintaining a separate TRX balance, simplifying accounting and onboarding.

Self‑custody and security

MeshWallet operates as a self‑custodial wallet, meaning private keys remain on the user’s device. The company states its codebase is open source and that two independent security audits are in progress.

TRON ecosystem context

TRON processed $2.1 trillion in USDT transfers in Q2 2026, with USDT representing 98.5 % of the network’s stablecoin supply. The blockchain recorded over 15 billion transactions in August, including 2.55 million USDT transfers worth $28.1 billion on a single day. TRON generated $699.4 million in network fees in the same quarter, up 15.9 % from the prior quarter.

Regulatory backdrop

The funding announcement coincided with ongoing U.S. legislative efforts, such as the Digital Asset Market Clarity Act, which seeks to establish a regulated framework for digital assets. The bill has advanced in the Senate Banking Committee but has not yet been enacted.

Product availability

MeshWallet’s application is currently available on Google Play and the Apple App Store.