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1Money is a Layer1 blockchain purpose-built for stablecoin payments. It natively supports multiple fiat-pegged stablecoins, with transaction fees paid directly in the stablecoin being sent—no need to hold extra tokens. The network uses a broadcast-based protocol with horizontal node sharding for high-throughput parallel processing, and replaces blocks with checkpoints to achieve near-instant finality. It emphasizes usability, is compatible with Ethereum's signature scheme, and plans cross-chain interoperability and post-quantum security.
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About 1Money
1Money, a purpose-built Layer 1 for stablecoin payments, emerged from stealth in January 2025 with over $20 million in seed funding from investors including F-Prime Capital, Galaxy Ventures, and Kraken Ventures. In March 2025, it announced its leadership team, featuring CEO Brian Shroder (former President of Binance.US) and COO Matthew Shroder, alongside legal expert Christopher Lalan, signaling its ambition to build a compliant, enterprise-grade payment network.
In August 2025, 1Money launched its TestNet and Developer Portal, a pivotal milestone toward its MainNet launch. The TestNet demonstrated its patent-pending Byzantine Consistent Broadcast (BCB) mechanism, achieving sub-second transaction finality and processing over 250,000 transactions per second. Crucially, the network eliminates the need for a native gas token, allowing fees to be paid directly in stablecoins—a fundamental innovation for real-world payment adoption. These milestones mark 1Money's transition from concept to functional infrastructure, positioning it as a potential backbone for global stablecoin payments.
As of the available data up to September 2026, 1Money has made significant strides in its mission to build a purpose-built Layer-1 network for stablecoin payments. Key developments over the past six months include the expansion of its partnership with M0, which was announced in January 2026, to launch "1Money Issuance"—an institutional-grade, issuance-as-a-service platform. This initiative enables partners to create white-labeled stablecoins, leveraging 1Money's deep regulatory footprint, including one of the largest U.S. money-transmitter licenses among stablecoin infrastructure providers.
On the network side, 1Money continues to emphasize its technical differentiation: supporting over 250,000 transactions per second (TPS) through a patent-pending, horizontally sharded architecture. The network maintains fixed, low transaction fees paid in the stablecoin being used (e.g., USDC or USDT), eliminating the need for a native gas token. Its native multi-currency support and seamless interoperability with major wallets (MetaMask, Phantom) and chains (Ethereum, Solana) remain core to its value proposition.
Looking ahead, 1Money's official roadmap focuses on three pillars: (1) scaling the 1Money Network to achieve near-infinite scalability for global retail and enterprise payments; (2) expanding 1Money.com as a regulated fiat-to-stablecoin on/off-ramp and orchestration layer for domestic and cross-border transactions; and (3) growing 1Money Issuance to onboard more institutional partners, with a particular emphasis on compliant stablecoin offerings in emerging markets. The project's stated vision is to bridge Web3 and mainstream finance by making stablecoin payments as fast, cheap, and user-friendly as traditional payment rails.
Co-founders:
Matt Shroder (Co-Founder & President) - Former SVP at Binance.US, led growth to $250M raise and 8M users; earlier at Ant Group and Uber.
Brian Shroder (Co-Founder & CEO) - Former President/CEO of Binance.US; previously at Ant Group and Uber, scaling operations globally.
Core executives:
Chris Lalan (Chief Legal Officer & Secretary) - Ex-Deputy GC at OKX, Associate GC at Circle; 20+ years in fintech and digital assets.
Brett Enclade (Chief Information Security Officer) - Ex-CISO at Ripple, securing payments and stablecoin products; 20+ years in cybersecurity.
Kristen Hecht (Chief Compliance Officer) - Ex-Deputy CCO at Binance, CCO at Meta's Novi, Head of Compliance at Paxos; ex-U.S. Treasury advisor.