Former Binance.US CEO launches 1Money stablecoin platform
1Money, a company co-founded by former Binance.US CEO Brian Shroder, has introduced a stablecoin orchestration platform as it moves toward launching a layer-1 blockchain focused on payments.
In a Thursday statement, 1Money said the platform will charge zero platform fees and instead apply usage-based fees for transactions involving stablecoins and fiat. The firm added that this pricing model will carry over to its planned layer-1 network for stablecoin payments, which it said will feature no gas fees.
Shroder said legacy stablecoin service providers have constrained the market with high monthly minimums and excessive fees, and that 1Money intends to end that approach.
Shroder served as CEO of Binance.US, a separate legal entity from the global cryptocurrency exchange, from 2021 to 2023. He launched 1Money in 2024 and announced $20 million in seed funding in January 2025.
The launch follows 1Money’s report roughly three months earlier that it had obtained 34 money transmitter licenses in the United States. The orchestration platform will offer regulated custody for stablecoins and supporting infrastructure, according to the company.
Stablecoin adoption is gaining momentum
The announcement comes amid a series of stablecoin initiatives by fintech firms as regulatory frameworks progress in the United States and the European Union.
On Tuesday, payments provider Unlimit launched a non-custodial platform for stablecoins. Visa and Mastercard, two major fiat payments networks, rolled out stablecoin support in October and November, respectively.
Ripple Labs said in August it would provide stablecoin payment services through its $200 million acquisition of Rail. The company introduced its RLUSD stablecoin in 2024.
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