Former CEO of BinankUS officially launched Zero fees A stablecoin orchestration platform by new venture 1Money. New players enter the field of crypto assets, with the intention of cutting Transaction costs have long been a complaint of many users.
This development is part of the company’s plan to establish a layer 1 blockchain centered on payments. The project is led by Brian Schroeder, who previously served as CEO. Binance.In the United States, from 2021 to 2023. In January 2025, Schroeder and his co-founders secured over $20 Seed funding for platform development is $1 million.
According to Thursday’s announcement, 1Money has announced that its eponymous platform will feature “zero platform fees,” charging only usage-based fees for stablecoin and fiat currency transactions. company The service says it will work on 1Money’s upcoming Layer 1 A network for stablecoin payments without gas fees. According to a statement from the company, this is because it is designed to charge fees based on the transaction usage of stablecoins and fiat currencies.
To further illustrate the company’s commitment to supporting the development of the cryptocurrency industry, 1Money indicated that it will continue to adopt this move with its Layer 1 network for stablecoin payments. With this project, gas fees will be waived.
1Money seeks to end excessive fees in the crypto industry
Following 1Money important movement“For too long, traditional stablecoin service providers have stymied the ecosystem with extremely high monthly minimum fees and exorbitant fees. 1Money puts an end to that,” said Brian Schroeder, co-founder and CEO of 1Money.
As the former CEO of Binance.US, Schroeder acknowledged that the crypto platform is different from global cryptocurrency exchanges. He said that after leaving Binance.US in September 2023, he began his role at 1Money, a company specializing in cryptocurrency fixed assets, in 2024. The company announced $20 million in seed funding through January 2025.
This announcement comes three months after 1Money officially announced that it had successfully obtained 34 money transfer machine licenses, allowing it to operate across the United States.
To remain competitive in the industry, orchestration platforms aim to expand their services. It now aims to expand its reach by offering “regulated storage” services for stablecoins and infrastructure.
This decision signals a growing trend among fintech companies. According to people familiar with the matter, several fintech companies have announced their intention to explore the stablecoin market. This comes at a time when both the United States and the European Union are moving forward with crypto-friendly regulations. One example of these companies is payments provider Unlimit, which issued a statement on Tuesday, December 2nd, revealing a new non-custodial platform designed specifically for stablecoins.
Furthermore, there are reports that two major payment companies, Visa and Mastercard, started supporting stablecoins in October and November, respectively.
In August, Ripple Labs announced plans to offer stablecoin payment services after acquiring Rail for $200 million. In 2024, the fintech company introduced its own stablecoin known as RLUSD.
IMF releases guidelines to ease tensions among crypto investors
As stablecoins become increasingly popular among individuals, concerns about the risks associated with cryptocurrencies are increasing tensions in the ecosystem. In response to this situation, the International Monetary Fund (IMF) took the necessary steps to alleviate this tension.
in detailed reportthe agency outlined how the expanding cryptocurrency fixed asset market could impact the economy. It also provided suggestions on whether current global rules are sufficient to address the risks associated with cryptocurrencies.
The report was titled “Understanding Stablecoins.” In an announcement this week, the IMF detailed how various regions, including the US, UK, Japan, and European Union, are establishing regulations for stablecoins.
He also recognized that the new rules will be useful in reducing risks to overall financial stability. However, given the current situation, analysts expressed that the situation is “fragmented”. This means that policymakers are applying different approaches and there are different ways to issue assets pegged to cryptocurrencies.
“The rise of new stablecoins that span multiple blockchains and exchanges raises concerns about inefficiencies as they may not work well together,” the IMF said. “Additionally, various regulatory and trade obstacles may create differences and challenges between countries.”
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