Unlocking Global Reach: 1Money Secures 34 Crucial Money Transmitter Licenses for Stablecoin Payments
The landscape of digital finance is rapidly evolving. A significant development recently emerged with 1Money, a dedicated stablecoin payment processor. The company successfully secured an impressive 34 U.S. money transmitter licenses, alongside a Bermuda Class F digital asset license. This crucial achievement paves the way for 1Money to launch its comprehensive stablecoin orchestration services globally, signaling a major step forward for the adoption of stablecoin payments.
1Money’s Strategic Licensing Achievement
1Money, a firm building a layer-1 blockchain specifically for stablecoin transactions, has achieved a pivotal milestone. The acquisition of 34 U.S. money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority significantly expands its operational scope. This dual regulatory approval provides a robust framework for its ambitious plans.
According to a recent announcement, the company aims to introduce global “stablecoin orchestration services.” These services are designed to provide essential infrastructure for stablecoin use. This includes a dedicated layer-1 protocol, advanced orchestration capabilities, and a full suite of compliant fiat solutions. Ultimately, 1Money seeks to bridge the gap between digital assets and traditional financial systems effectively.
Powering Global Stablecoin Orchestration
The extensive regulated footprint secured by 1Money is a game-changer. It enables the company to offer critical support for both stablecoin and real-world asset (RWA) issuers. Consequently, customers gain the ability to mint stablecoins and RWA tokens seamlessly. These digital assets can then connect with the traditional banking system, creating a more integrated financial ecosystem.
Brian Shroder, co-founder and CEO of 1Money, articulated the strategic importance of these 1Money licenses. He explained that they empower the company to “orchestrate stablecoin flows across both traditional rails and emerging blockchain infrastructure.” This vision underscores a future where digital and conventional finance operate in harmony, enhancing efficiency and accessibility for stablecoin payments worldwide.
The Rising Tide of Stablecoin Payments
Interest in stablecoins has surged significantly this summer. Recent data consistently highlights their growing acceptance as a reliable tool for digital payments. For example, between January 2023 and February 2025, a remarkable $94.2 billion in stablecoin transactions were settled. This figure underscores the increasing trust and utility of these digital currencies.
A mid-May survey further reinforced this trend. The survey, involving 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways, revealed compelling insights. A staggering 90% of institutional players are either actively using stablecoins or exploring their potential. Furthermore, global grocery giant Spar announced support for stablecoin and crypto payments in its Swiss stores in August, illustrating mainstream adoption.
Major Players Embrace Crypto Payments
Traditional payment processors are also rapidly integrating stablecoins into their offerings. This trend signals a broader acceptance of digital currencies within established financial frameworks. Here are some key examples:
- In June, e-commerce giant Shopify rolled out early access to stablecoin payments using Circle’s USDC. This initiative was launched in collaboration with Coinbase, broadening the reach of digital transactions for merchants.
- Visa expanded its stablecoin offerings on its settlement platform just two months ago. The company added support for the Global dollar (USDG), PayPal USD (PYUSD), and euro Coin (EURC) stablecoins. This move enhances Visa’s capabilities in the digital asset space.
- Mastercard has also joined this movement. Circle, the issuer of the USDC stablecoin, announced strategic deals with Mastercard and Finastra. These partnerships aim to expand USDC’s reach to merchants and banks globally, facilitating more widespread stablecoin payments.
- In May, Stripe introduced stablecoin-based accounts to clients across more than 100 countries. This initiative provides businesses with greater flexibility and access to digital payment solutions.
These developments collectively demonstrate a strong institutional embrace of stablecoins. They are increasingly viewed as a practical and efficient medium for various financial transactions, from retail purchases to cross-border settlements.
Navigating the Regulatory Landscape: Money Transmitter Licenses Explained
Securing money transmitter licenses is a complex and rigorous process in the United States. Each state often requires its own specific license, making 1Money’s achievement of 34 licenses particularly noteworthy. These licenses are essential for any entity that transfers funds on behalf of consumers. They ensure compliance with anti-money laundering (AML) regulations and consumer protection laws.
The Bermuda Class F digital asset license complements these U.S. approvals. It establishes a robust regulatory foundation for 1Money’s international operations. This comprehensive licensing strategy positions 1Money as a highly compliant and trustworthy entity in the rapidly evolving digital finance sector. It ensures that their stablecoin orchestration services operate within established legal frameworks, fostering confidence among users and partners alike.
The regulatory clarity provided by these licenses is vital for mainstream adoption. It addresses concerns about legality and security, which are often barriers for traditional institutions considering crypto payments. By proactively navigating this landscape, 1Money sets a precedent for responsible innovation.
The Future of Stablecoin Payments and 1Money’s Role
1Money’s recent licensing success marks a significant milestone in the journey towards widespread stablecoin adoption. By establishing a robust, regulated infrastructure, the company is poised to become a key player in the global digital payments arena. Their layer-1 blockchain and orchestration services offer a compelling solution for businesses and individuals seeking efficient, compliant, and secure stablecoin payments.
As the interest from traditional financial institutions continues to grow, companies like 1Money will be instrumental. They bridge the gap between legacy systems and innovative blockchain technology. The secured 1Money licenses not only validate their operational model but also empower them to drive the next wave of financial innovation. This creates a more interconnected and accessible global financial system for everyone.