1Money, co-founded by the former CEO of Binance.US, has unveiled a platform for stablecoin orchestration as part of its vision to create a layer-1 blockchain for payments.
In a Thursday announcement, 1Money stated that its platform will feature “zero platform fees,” opting for usage-based fees on transactions involving stablecoins and fiat. According to the company, this initiative will extend to 1Money’s layer-1 network for stablecoin payments, offering zero gas fees.
“For far too long, traditional stablecoin service providers have hindered the ecosystem with excessively high monthly minimums and inflated fees; 1Money is putting an end to that period,” said Brian Shroder, co-founder and CEO of 1Money and former CEO of Binance.US.
Shroder led Binance.US, a separate entity from the global cryptocurrency exchange, from 2021 to 2023. He initiated the stablecoin-focused platform 1Money in 2024, announcing $20 million in seed funding in January 2025.
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This announcement followed 1Money’s report from about three months ago that it had secured 34 money transmitter licenses in the US. Among its offerings, the orchestration platform will deliver “regulated custody” for stablecoins and associated infrastructure.
Stablecoin adoption is gaining momentum
Shroder’s announcement came as numerous fintech companies have revealed plans in the stablecoin space, coinciding with regulatory advancements in the US and EU.
On Tuesday, payments provider Unlimit announced the launch of a non-custodial platform for stablecoins. Visa and Mastercard, two of the largest fiat currency payment firms, introduced stablecoin support in October and November, respectively.
Ripple Labs announced in August its intent to offer stablecoin payment services through its acquisition of Rail for $200 million, introducing its own RLUSD stablecoin in 2024.
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