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Former Binance.US chief raises 20 million USD for stablecoin network

1Money has raised 20 million USD for its stablecoin payments network, supported by over two dozen venture capital firms including Kraken Ventures and Galaxy Ventures. The network aims to provide instant transactions and fixed costs, supporting multiple stablecoins.

Brian Shroder, CEO of 1Money, believes stablecoins are key to modernizing the global financial system, linking Web3 technology with mainstream usage. He foresees significant growth in the stablecoin market, which is currently valued at 214 billion USD, primarily dominated by USDT and USDC.

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