1Money Launches Stablecoin Orchestration Platform in Bid to Disrupt Payment Layer-1 Space
1Money has unveiled a new stablecoin orchestration platform, marking its first step toward building a dedicated layer-1 blockchain for payments. The project, spearheaded by ex-Binance.US CEO Brian Shroder, raised over $20 million in seed funding earlier this year.
The platform promises zero base fees, charging only for actual stablecoin and fiat transactions. Its upcoming layer-1 network will eliminate gas fees entirely—a direct challenge to legacy payment rails. 'Traditional providers have choked innovation with excessive fees and minimums,' Shroder said. 'We're cutting the leash.'
The MOVE signals intensifying competition in payment-focused blockchains, with 1Money positioning itself as a cost disruptor. The firm's layer-1 ambitions could reshape how enterprises integrate stablecoins into treasury operations.
