1Money, an organization co-founded by the previous CEO of Binance.US, has launched a stablecoin orchestration platform forward of plans to construct a layer-1 blockchain for funds.
In an announcement Thursday, 1Money mentioned its namesake platform can have “zero platform charges,” opting as a substitute for usage-based charges for transactions involving stablecoins and fiat currencies. The corporate mentioned the initiative will proceed on 1Money’s Layer 1 community for stablecoin funds, and fuel charges shall be waived.
“For too lengthy, conventional stablecoin service suppliers have stymied the ecosystem with prohibitively excessive month-to-month minimums and inflated charges, and 1Money marks the top of that period,” mentioned Brian Schroeder, co-founder and CEO of 1Money and former CEO of Binance.US.
sauce: brian schroeder
Mr. Schroeder served as CEO of Binance.US, a separate authorized entity from the worldwide cryptocurrency change, from 2021 to 2023. He launched stablecoin-focused platform 1Money in 2024 and introduced $20 million in seed funding in January 2025.
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The announcement comes about three months after 1Money reported it had secured 34 cash switch licenses in the USA. Amongst its companies, the orchestration platform offers “regulated storage” of stablecoins and infrastructure.
Stablecoin adoption is accelerating
Schroeder’s announcement comes as various fintech corporations have introduced plans to maneuver into the stablecoin house amid additional rules within the U.S. and European Union.
On Tuesday, funds supplier Unlimit introduced the launch of its stablecoin non-custodial platform. Visa and Mastercard, two of the biggest fiat funds corporations, started supporting stablecoins in October and November, respectively.
Ripple Labs introduced in August that it will purchase Rail for $200 million to offer stablecoin fee companies. The corporate launched its personal RLUSD stablecoin in 2024.
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