1Money's payment network garners significant investment to enhance its infrastructure focused on stablecoin support.
VC Funds Backing
On January 16, 2025, it was announced that the 1Money network raised over $20 million in seed funding from more than two dozen venture capital firms, such as F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bankless Ventures, MoonPay Ventures, Portage, and Ethereal Ventures.
1Money's Technological Foundation
1Money focuses on developing a protocol for stablecoin payments utilizing a patent-pending Byzantine broadcast design. The company's CEO, Brian Shroder, considers stablecoins as the "foundation for a new, modernized global financial system," bridging Web3 technologies with mainstream users.
Stablecoin Market Growth
According to CoinGecko, the stablecoin market is now worth $214 billion, with Tether's USDT and USDC accounting for the majority. As interest grows among large financial firms like PayPal, Revolut, and Robinhood, the sector could exceed $300 billion in 2025.
With major venture firms involved and expansion prospects, 1Money solidifies its position in the rapidly-evolving stablecoin payment sector.
