1Money, a company co-founded by the former CEO of Binance.US, has launched a stablecoin orchestration platform ahead of plans to build a layer-1 blockchain for payments.
In an announcement Thursday, 1Money said its namesake platform will have “zero platform fees,” opting instead for usage-based fees for transactions involving stablecoins and fiat currencies. The company said the initiative will continue on 1Money's Layer 1 network for stablecoin payments, and gas fees will be waived.
“For too long, traditional stablecoin service providers have stifled the ecosystem with prohibitively high monthly minimums and inflated fees, but 1Money marks the end of that era,” said 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 legal entity from the global cryptocurrency exchange, from 2021 to 2023. He launched stablecoin-focused platform 1Money in 2024 and announced $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 money transfer licenses in the United States. Among its services, the orchestration platform provides “regulated storage” of stablecoins and infrastructure.
Stablecoin adoption is accelerating
Schroeder's announcement comes as a number of fintech companies have announced plans to move into the stablecoin space amid further regulations in the U.S. and European Union.
On Tuesday, payments provider Unlimit announced the launch of its stablecoin non-custodial platform. Visa and Mastercard, two of the largest fiat payments companies, began supporting stablecoins in October and November, respectively.
Ripple Labs announced in August that it would acquire Rail for $200 million to provide stablecoin payment services. The company introduced its own RLUSD stablecoin in 2024.
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