The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.

Cointelegraph

Former Binance.US chief raises $20M for stablecoin network

The seed capital will fund development of a payment network aspiring to be the "fastest, cheapest, and most compliant" Layer 1.

BizToc

1Money raises $20 million in seed funding to build Layer 1 ‘exclusively designed’ for stablecoin payments

The fundraising attracted participation from F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and Bankless Ventures. The post 1Money Emerges From Stealth with $20M for L1 Designed for Stablecoin Payments appeared first on NFTgators .

CryptoPanic

1Money Emerges From Stealth with $20M for L1 Designed for Stablecoin Payments

Cryptocurrency News | Cryptocurrency Prices | Market Cap

1Money emerged from stealth Thursday (Jan. 16), saying it raised over $20 million in seed capital and is developing Layer 1 protocol purpose-built for stablecoin payments. The company will use the funding to launch the 1Money Network, and plans to launch it during the second quarter, it said in a press release. “Stablecoins are poised to be the foundation for a new, modernized global financial system and the 1Money Network will help bridge the g…

PYMNTS.com

1Money Raises $20 Million to Launch Network for Stablecoin Payments

1Money Network, a stablecoin infrastructure provider, announced in a Jan. 16 blog post that it has secured $20 million in a seed funding round to develop crypto’s first purpose-built Layer 1 exclusively for stablecoin payments.While many blockchains are built to support many use cases, 1Money Network will focus solely on stablecoin payments and will seek to position itself as the premier provider of these services. The chain includes features li…

The Defiant

1Money Raises $20 Million to Build Stablecoin Payments Network

Company Unveils Revolutionary Layer 1 Protocol Purpose-Built and Optimized for Stablecoin Payments 
Funding Round Includes Participation from F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Portage, Ethereal Ventures, CMT Digital and Other Prominent Global Investors 1Money Co., which is developing the world’s first purpose-built Layer 1 exclusively designed for stablecoins payments, today emerged from stealth announcing over $20 millio…

GlobalFinTechSeries

1Money Network Emerges from Stealth with Over $20M in Funding to Build the World’s First Stablecoin Payments Network

Quick take: 
The company will use the funds to launch 1Money Network, a layer-1 blockchain focused on stablecoin payments. The company said its L1 network leverages a patent-pending Byzantine Consistent Broadcast design that eliminates delays, surging prices and security issues. 1Money has emerged from stealth with a $20 million seed round backed by F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and Bankless Venture…

NFTgators

Source: Coin Tegraph The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion. 
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TheSpuzz

timesng.com: SAN FRANCISCO, Calif. — 1Money Network, a blockchain startup focused on stablecoin payments, emerged from stealth on Thursday, Jan. 16, announcing it has secured over $20 million in seed funding. The company plans to launch its Layer 1 protocol, the 1Money Network, in the second quarter of 2025. The platform aims to address key challenges […] This post 1Money Network Raises $20M to Build Stablecoin Payments Platform appeared first o…

Former Binance.US chief raises $20M for stablecoin network

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