The company 1Money, which builds first-layer blockchains for stablecoin payments, has obtained 34 U.S. money transmission licenses and a Class F digital asset business license from the Bermuda Monetary Authority.
According to a Thursday announcement, the company plans to launch a global "stablecoin orchestration service" through its regulated entity. It aims to provide stablecoin infrastructure, including a dedicated first-layer protocol, orchestration services, and a full suite of compliant fiat solutions.
1Money stated that its regulated coverage allows it to support issuers of stablecoins and real-world assets (RWA). Its clients will be permitted to mint stablecoins and RWA tokens and connect them to the traditional banking system.
Brian Shroder, co-founder and CEO of 1Money, explained that these licenses enable the company to "orchestrate stablecoin flows between traditional rails and emerging blockchain infrastructure."
This summer, a series of news indicated that stablecoins are gaining increasing attention. Data from the end of May showed that stablecoins are gaining momentum as a reliable tool for digital payments, with a trading settlement amount of $94.2 billion from January 2023 to February 2025.
A mid-May survey of 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways revealed that 90% of institutional participants are either already using stablecoins or actively exploring them. In August, global grocery giant Spar announced support for stablecoin and cryptocurrency payments in its Swiss stores.
In June, e-commerce giant Shopify partnered with Coinbase to launch early access to Circle's USDC stablecoin payments. Two months prior, Visa expanded its stablecoin offerings by adding support for global dollar (USDG), PayPal USD (PYUSD), and euro coin (EURC) stablecoins on its settlement platform.
Mastercard also did not lag behind. Circle, the company behind the USDC stablecoin, announced an agreement with Mastercard and Finastra aimed at expanding the reach of USDC to global merchants and banks. In May, Stripe launched stablecoin-based accounts for customers in over 100 countries.
Related: Galaxy Digital stock tokenized on the Solana blockchain
Original article: “Stablecoin payment processor 1Money obtains 34 U.S. money transmission licenses”
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