1Money Secures Licenses for Stablecoin Payments
1Money, a firm developing a layer-1 blockchain for stablecoin transactions, has obtained 34 US money transmitter licenses along with a Class F digital asset business license from the Bermuda Monetary Authority.
As announced on Thursday, the company intends to introduce global “stablecoin orchestration services” through its regulated entities. Its goal is to offer stablecoin infrastructure, featuring a dedicated layer-1 protocol, orchestration services, and a comprehensive suite of compliant fiat solutions.
1Money asserts that its regulated presence permits it to assist both stablecoin and real-world asset (RWA) issuers. Customers will have the ability to mint stablecoins and RWA tokens, linking them to the traditional banking system.
Brian Shroder, co-founder and CEO of 1Money, noted that the licenses allow the company to “orchestrate stablecoin flows across both traditional rails and emerging blockchain infrastructure.”
Growing Interest in Stablecoins
This summer, numerous reports have highlighted the rising interest in stablecoins. Data from late May indicates that stablecoins are becoming a dependable option for digital payments, with $94.2 billion transacted in stablecoin settlements between January 2023 and February 2025.
A mid-May survey involving 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways revealed that 90% of institutional players are currently utilizing stablecoins or exploring their use. In August, global grocery leader Spar announced the acceptance of stablecoin and cryptocurrency payments in its stores across Switzerland.
In June, e-commerce giant Shopify provided early access to stablecoin payments using Circle’s USDC in partnership with Coinbase. Two months ago, Visa expanded its stablecoin offerings on its settlement platform, adding support for the Global dollar (USDG), PayPal USD (PYUSD), and Euro Coin (EURC) stablecoins.
Mastercard is also joining the efforts. Circle, the organization behind the USDC (USDC) stablecoin, announced partnerships with Mastercard and Finastra, with the goal of broadening USDC’s availability to merchants and banks globally. In May, Stripe launched stablecoin-based accounts for clients in more than 100 countries.
