1Money, an organization constructing a layer-1 blockchain for stablecoin funds, has secured 34 US cash transmitter licenses and a Class F digital asset enterprise license from the Bermuda Monetary Authority.
According to a Thursday announcement, the corporate plans to launch world “stablecoin orchestration companies” by means of its regulated entities. It goals to supply stablecoin infrastructure, together with a devoted layer-1 protocol, orchestration companies and a full suite of compliant fiat options.
1Money says its regulated footprint allows it to assist each stablecoin and real-world asset (RWA) issuers. Its prospects can be allowed to mint stablecoins and RWA tokens and join them with the normal banking system.
1Money co-founder and CEO Brian Shroder defined that the licenses allow the corporate to “orchestrate stablecoin flows throughout each conventional rails and rising blockchain infrastructure.”
Related: PayPal simply enabled crypto for 650M customers: Here’s what that truly means
Stablecoin funds are on the rise
This summer time, a slew of stories indicated that stablecoins are garnering rising curiosity. Late May information exhibits that stablecoins are gaining floor as a dependable instrument for digital funds, with $94.2 billion in settled in stablecoin transactions between January 2023 and February 2025.
A mid-May survey of 295 executives throughout conventional banks, monetary establishments, fintech firms and fee gateways confirmed that 90% of institutional gamers are both already utilizing stablecoins or actively exploring them. In August, world grocery large Spar introduced assist for stablecoin and cryptocurrency funds in its shops throughout Switzerland.
Related: ECB president calls to handle dangers from non-EU stablecoins
Traditional fee processors take part
In June, e-commerce large Shopify rolled out early entry to stablecoin funds in Circle’s USDC in collaboration with Coinbase. Two months in the past, Visa expanded its stablecoin choices on its settlement platform by including assist for the Global greenback (USDG), PayPal USD (PYUSD) and euro Coin (EURC) stablecoins.
Mastercard was not overlooked. Circle, the corporate behind the USDC (USDC) stablecoin, unveiled offers with Mastercard and Finastra, aiming to broaden USDC’s attain to retailers and banks globally. In May, Stripe launched stablecoin-based accounts to shoppers in over 100 nations.
Magazine: Bitcoin vs stablecoins showdown looms as GENIUS Act nears
