What's Happening?
1Money, a startup in the stablecoin market, has secured 34 U.S. Money Transmitter Licenses and a Class F Digital Asset Business license from Bermuda's Monetary Authority. These regulatory achievements position 1Money as a significant player in the stablecoin sector, which is currently valued at $214 billion. The company has facilitated $94.2 billion in stablecoin transactions between January 2023 and February 2025, with 90% of surveyed institutional executives in traditional finance either using or exploring stablecoins. 1Money's infrastructure supports multi-currency fiat virtual accounts, stablecoin minting, and cross-border payments, adhering to stringent compliance standards.
Why It's Important?
The regulatory milestones achieved by 1Money are crucial as they provide a foundation for institutional trust in the stablecoin market. By securing licenses across U.S. jurisdictions and internationally, 1Money mitigates regulatory risks and positions itself as a trusted partner for institutions navigating the fragmented compliance landscape. This positions 1Money to capture a significant share of the stablecoin market, which is projected to exceed $300 billion by 2027. The company's ability to bridge traditional financial systems with blockchain infrastructure offers a competitive edge over other players like Tether and Circle.
What's Next?
1Money's strategic positioning is reinforced by its financial backing and market adoption. With $20 million in seed funding and partnerships with governments, such as Palau, 1Money is poised to expand its stablecoin offerings. As traditional payment giants like Visa, Mastercard, and Shopify increase their stablecoin offerings, 1Money's infrastructure is well-positioned to support both stablecoin and real-world asset tokenization, enabling issuers to mint tokens and connect with traditional banking systems.
