Summary:
1Money, a blockchain-based stablecoin payments startup, has secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license, positioning itself as a regulated player in the stablecoin infrastructure space. The company aims to provide global stablecoin orchestration services, including a dedicated layer-1 protocol and compliant fiat solutions. This regulatory approval enables 1Money to support stablecoin and real-world asset (RWA) issuers, bridging blockchain and traditional banking systems. The move reflects growing institutional adoption of stablecoins for cross-border payments and settlements.
What This Means for You:
- For businesses: Explore 1Money’s infrastructure for compliant stablecoin issuance and cross-border settlements with reduced friction.
- For developers: Assess their layer-1 protocol for building regulated stablecoin payment applications.
- For investors: Monitor how regulatory approvals accelerate institutional stablecoin adoption in 2024-2025.
- Warning: Regulatory landscapes vary by jurisdiction – verify compliance requirements before integrating solutions.
Stablecoin Startup 1Money Gains 34 US Licenses:
1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority.
According to a Thursday announcement, the company plans to launch global “stablecoin orchestration services” through its regulated entities. It aims to provide stablecoin infrastructure, including a dedicated layer-1 protocol, orchestration services and a full suite of compliant fiat solutions.
1Money says its regulated footprint enables it to support both stablecoin and real-world asset (RWA) issuers. Its customers would be allowed to mint stablecoins and RWA tokens and connect them with the traditional banking system.
1Money co-founder and CEO Brian Shroder explained that the licenses enable the company to “orchestrate stablecoin flows across both traditional rails and emerging blockchain infrastructure.”
Extra Information:
FSB Report on Crypto Asset Risks – Provides context on global regulatory approaches to stablecoins
Atlantic Council CBDC Tracker – Shows competing digital currency initiatives that may impact stablecoin adoption
People Also Ask About:
- What are money transmitter licenses? State-level approvals required for companies handling money transfers or payment instruments.
- How do stablecoins differ from CBDCs? Stablecoins are privately issued while central bank digital currencies are government-backed.
- What is stablecoin orchestration? The technical and regulatory infrastructure enabling seamless stablecoin transfers across platforms.
- Why is Bermuda important for crypto? The jurisdiction offers progressive digital asset regulations with its 2018 Digital Asset Business Act.
Expert Opinion:
“1Money’s licensing achievement represents a watershed moment for institutional stablecoin adoption. By securing both U.S. state approvals and an offshore digital asset license, they’ve created a regulatory arbitrage model that could become standard for cross-border crypto payment providers. However, the real test will be whether traditional financial institutions actually route significant volume through their infrastructure.” – Blockchain Payments Analyst
Key Terms:
- Stablecoin payment infrastructure
- Money transmitter license requirements
- Layer-1 blockchain for payments
- Regulated stablecoin issuance
- Cross-border crypto settlements
- Real-world asset tokenization platforms
- Bermuda digital asset regulations
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