Former Binance.US CEO launches stablecoin platform ahead of L1 network
Analysis
Price Impact
MedThe launch of 1money's stablecoin orchestration platform by a former binance.us ceo, offering 'zero platform fees' and planning a gas-free l1 network, could significantly drive stablecoin adoption. while stablecoins are generally price-pegged, increased utility and lower transaction costs could attract more users and capital into the broader crypto ecosystem.
Trustworthiness
HighThe news comes from a reputable crypto news source (cointelegraph) and details a project by a known industry figure (brian shroder, former binance.us ceo) which has already secured $20 million in funding and 34 money transmitter licenses.
Price Direction
BullishEnhanced stablecoin utility, lower fees, and a more efficient payment infrastructure, as offered by 1money, can facilitate easier on-ramps and off-ramps for fiat, potentially increasing overall liquidity and accessibility in the crypto market. this general improvement in market infrastructure is broadly bullish for the ecosystem, though not directly for volatile assets in the short term.
Time Effect
LongWhile the platform launch is immediate, the full impact of increased stablecoin adoption, the development of a new l1 network, and the shift in market dynamics due to lower fees will unfold over an extended period as the platform gains traction and integrates into the wider financial ecosystem.
Original Article:
Article Content:
Turner Wright 3 minutes ago Former Binance.US CEO launches stablecoin platform ahead of L1 network After securing $20 million in seed funding for the project in January, Brian Shroder announced a step toward 1Money’s planned stablecoin network. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED 1Money, a company co-founded by the former CEO of Binance.US, has launched a stablecoin orchestration platform ahead of its plans to build a layer-1 blockchain for payments. In a Thursday announcement, 1Money said the platform by the same name will have “zero platform fees,” opting instead for usage-based fees for transactions involving stablecoins and fiat. According to the company, the initiative will continue on 1Money’s layer-1 network for stablecoin payments, offering no gas fees. “For too long, legacy stablecoin service providers have held the ecosystem back with outrageously high monthly minimums and bloated fees, 1Money is ending that era,” said Brian Shroder, 1Money co-founder and CEO and former CEO of Binance.US. Source: Brian Shroder Shroder was the CEO of Binance.US, a separate legal entity from the global cryptocurrency exchange, from 2021 to 2023. He launched the stablecoin-focused platform 1Money in 2024, announcing $20 million in seed funding in January 2025. Related: IMF lays out guidelines for addressing stablecoin risks, beyond regulations The announcement came about three months after 1Money reported securing 34 money transmitter licenses in the US. Among its services, the orchestration platform will provide “regulated custody” for stablecoins and infrastructure. Stablecoin adoption is accelerating Shroder’s announcement followed many fintech companies announcing plans in the stablecoin sector as regulations advance in the US and European Union. On Tuesday, payments provider Unlimit announced the launch of a non-custodial platform for stablecoins. Visa and Mastercard, two of the biggest payments companies for fiat currencies, rolled out support for stablecoins in October and November, respectively. Ripple Labs said in August that it would offer stablecoin payment services through its acquisition of Rail for $200 million. The company introduced its own RLUSD stablecoin in 2024. Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice # Business # Transactions # Fees # Binance # Stablecoin Add reaction