Former Binance.US CEO launches stablecoin platform ahead of L1 network
Former Binance.US CEO Brian Shroder's company, 1Money, launched a stablecoin orchestration platform before its planned layer-1 network.Summary
1Money, a company co-founded by former Binance.US CEO Brian Shroder, has launched its stablecoin orchestration platform, which will feature zero platform fees and instead use usage-based fees for stablecoin and fiat transactions. This launch precedes the company's planned layer-1 blockchain network designed for stablecoin payments, which promises no gas fees. Shroder stated that 1Money aims to end the era of high minimums and bloated fees charged by legacy stablecoin providers. The company, which secured $20 million in seed funding in January, also recently reported obtaining 34 money transmitter licenses in the US. The platform will offer regulated custody for stablecoins and necessary infrastructure, aligning with broader industry acceleration in the stablecoin sector.
(Source：Cointelegraph)