1Money to Launch Fast, Compliant Stablecoin Network
- 1Money plans to launch a Layer 1 network for stablecoins in Q2 2025.
- The network will not have a native token or smart contract support.
- A $20 million funding round was recently announced for the startup.
- The network’s Byzantine Consistent Broadcast system ensures near-instant transaction finality.
- Co-founders include former Binance.US CEO Brian Shroder and Matt Shroder.
1Money aims to create a fast, compliant stablecoin network with flat gas fees by eliminating the need for a native token. The startup has raised over $20 million and plans to launch its innovative system in the second quarter of 2025.
Source (2.6)https://www.theblock.co/post/345455/1money-ceo-brian-shroder-on-building-l1-for-stablecoins-with-no-native-token-and-flat-gas-fees
