• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

1Money Secures $20M to Develop Stablecoin Payment Infrastructure

user avatar

by Giorgi Kostiuk

a year ago

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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

New Editorial Standards Aim to Enhance Reporting Quality.

chest

A new editorial policy has been established to ensure accuracy, relevance, and impartiality in reporting.

user avatarJacob Williams

Solana's Open Interest and Funding Rate Plummet

chest

Solana's open interest has dropped below 5 billion, and the weighted funding rate has reached its lowest point in over a year, indicating a bearish market sentiment.

user avatarZainab Kamara

Global Oil Production Faces Major Disruptions Due to Strait of Hormuz Situation

chest

The ongoing crisis in the Strait of Hormuz has led to significant disruptions in global oil production, with Qatar halting LNG production, Saudi Arabia suspending output, and Iraq making substantial cuts.

user avatarAyman Ben Youssef

Shell Gasoline Prices Surge Amid Strait of Hormuz Crisis

chest

Shell gasoline prices are climbing rapidly due to the effective closure of the Strait of Hormuz, which has been impacted by US-Israeli strikes on Iran.

user avatarSon Min-ho

Hyperliquid Policy Center Supports CFTC's Regulatory Plans for Perpetual Derivatives

chest

The Hyperliquid Policy Center supports the CFTC's regulatory plans for crypto perpetual derivatives, aiming to shape clear rules for decentralized markets.

user avatarTando Nkube

CFTC Chair Mike Selig Announces Plans for Onshore Crypto Perpetual Futures

chest

CFTC Chair Mike Selig announces plans for a regulatory framework to allow crypto perpetual futures trading onshore in the US.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.