Blockchain payments startup 1Money has announced that it has obtained 34 money transmitter licenses (MTLs) in the U.S. and a Class F digital asset license from the Bermuda Monetary Authority, paving the way for global stablecoin services.
1Money's Regulatory Licenses
The licenses allow 1Money to launch stablecoin orchestration services, combining a dedicated layer-1 blockchain protocol with fiat connectivity. CEO Brian Shroder stated that the licenses provide the ability to 'orchestrate stablecoin flows' across both traditional and emerging blockchain infrastructures.
Growing Popularity of Stablecoins
The announcement comes as stablecoin usage surges, with $94.2 billion worth of transactions settled between January 2023 and February 2025. Stablecoins now account for over 10% of total crypto market capitalization, with rising institutional interest.
1Money's Future Strategy
With its new licenses, 1Money aims to position itself as a global stablecoin settlement provider. Analysts project the stablecoin payments market may exceed $2.8 trillion annually by 2028, depending on the company's execution and partnerships with banks and fintech firms.
1Money’s ability to comply with both U.S. and Bermuda regulations positions it as a trustworthy player in the stablecoin market amidst increasing regulatory scrutiny.
