After securing $20 million in initial funding earlier this year, Brian Shroder has revealed a significant progression toward 1Money’s planned stablecoin network.

1Money has launched a stablecoin orchestration platform aimed at providing a more efficient transaction environment devoid of platform fees, using instead a model based on transactional usage fees. This move is part of the broader strategy to establish a layer-1 blockchain designated for stablecoin payments without any gas fees.

“For too long, legacy stablecoin service providers have held the ecosystem back with outrageously high monthly minimums and bloated fees; 1Money is ending that era,” said Brian Shroder, co-founder and CEO of 1Money, and former CEO of Binance.US.

Translation: “For too long, legacy stablecoin service providers have held the ecosystem back with outrageously high monthly minimums and bloated fees; 1Money is ending that era,” said Brian Shroder, co-founder and CEO of 1Money, and former CEO of Binance.US.

Shroder, who led Binance.US from 2021 to 2023, launched 1Money in 2024, announcing its seed funding in January 2025. This recent announcement coincides with other fintech advancements, as multiple firms are entering the stablecoin market amidst evolving regulations in the US and EU.

Notably, payments provider Unlimit introduced a non-custodial stablecoin platform, while Visa and Mastercard extended their support for stablecoins recently. Ripple Labs is also entering this sector through its acquisition of Rail for stablecoin payment services.

For more details, check out 1Money’s official announcement.

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Tags

• #Business
• #Transactions
• #Fees
• #Binance
• #Stablecoin