• 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

Potential Rebound for Bitcoin as Seasonal Tax Refunds Expected

chest

Analysts suggest that upcoming seasonal tax refunds could provide a liquidity boost for Bitcoin markets, potentially supporting a rebound.

user avatarNguyen Van Long

Senator Warren Issues Warning to Regulators on Crypto Support

chest

Senator Elizabeth Warren warns regulators against using public funds to support the crypto market, arguing it would benefit wealthy investors and risk public anger.

user avatarSatoshi Nakamura

NYDIG Research Debunks Quantum Computing Fears as Cause for Bitcoin's Price Drop

chest

NYDIG's research debunks fears that quantum computing is causing Bitcoin's price drop, attributing it instead to shifts in risk appetite.

user avatarJesper Sørensen

SGFORGE Unveils EUR CoinVertible on XRP Ledger

chest

SGFORGE has launched its euro stablecoin, EUR CoinVertible, on the XRP Ledger, marking a significant step in its multichain deployment strategy.

user avatarRajesh Kumar

Coinbase Forms Quantum Advisory Council

chest

Coinbase has established an independent advisory board to assess quantum-related risks and develop migration strategies.

user avatarEmily Carter

JP Morgan's Unique Perspective on the Future of the US Dollar

chest

JP Morgan's analysis predicts a managed decline of the US dollar, estimating a 3% drop through mid-2026, contrasting with Wall Street's consensus.

user avatarLucas Weissmann

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.