💼 Former Binance.US Chief Raises $20M for Groundbreaking Stablecoin Network 💼

The stablecoin market, valued at over $214 billion, is set to revolutionize digital payments with the launch of 1Money, a Layer-1 stablecoin network backed by $20 million in seed funding.

🚀 Key Highlights

Seed Funding: 1Money raised $20M from over two dozen top-tier investors, including:

F-Prime Capital

Galaxy Ventures

Kraken Ventures

KuCoin Ventures

BitGo Ventures

Innovative Protocol: Powered by a patent-pending Byzantine consistent broadcast design for seamless, secure stablecoin payments.

Leadership: Brian Shroder, former CEO of Binance.US, aims to build a modernized global financial system bridging Web3 and mainstream adoption.

🌐 Features of 1Money Network

Instant Transactions: Payments processed in real-time.

Fixed Costs: Transparent and predictable transaction fees.

Multicurrency Support: Users pay fees in the stablecoin they’re using—no need for gas tokens.

📊 Stablecoin Market Insights

Dominated by Tether (USDT) and USD Coin (USDC), which account for 85% of the $214 billion market.

The market is projected to exceed $300 billion in 2025 amid rising demand and a crypto bull market.

Fintech Competition: PayPal, Revolut, and Robinhood are entering the space, adding pressure on existing players.

🔮 The Future of Stablecoins

Payment Modernization: Visa envisions stablecoins transforming global payment systems, with stablecoin-linked cards becoming mainstream in 2025.

Broader Adoption: Stablecoins are emerging as the backbone of Web3 finance, offering a bridge between decentralized and traditional payment systems.

📌 Bottom Line: With its innovative design and strong backing, 1Money is poised to reshape the stablecoin landscape, making digital payments faster, cheaper, and more accessible to all. This is a pivotal step toward the evolution of global finance!