Former Binance.US CEO Brian Shroder Launches 1Money — Zero‑Fee Stablecoin Payments on New Layer‑1
Brian Shroder, co‑founder and former CEO of Binance.US, has launched 1Money, a stablecoin orchestration and payments platform that removes platform fees and adopts a usage‑based charging model for fiat and stablecoin transfers. 1Money says it will run on a purpose‑built Layer‑1 blockchain optimized for instant, low‑cost, high‑security stablecoin payments with gas‑free transfers for users. The company previously raised seed funding (reported at $20 million in the later report and noted investor participation including Hack VC; an earlier report cited a broader investor list with F‑Prime, Galaxy Ventures, Kraken Ventures and Tribe Capital). The zero‑fee positioning targets fintechs and enterprises by undercutting incumbents that charge monthly minimums and platform fees. Traders should note potential impacts: a zero‑fee model could accelerate stablecoin payments adoption and increase on‑chain stablecoin volume, but long‑term success depends on sustained network performance, liquidity, and regulatory clarity. Key SEO keywords: zero‑fee stablecoin, stablecoin payments, 1Money, Layer‑1 stablecoin network, Brian Shroder.
Bullish
The launch of 1Money and its zero‑fee stablecoin payments model is likely bullish for the stablecoin ecosystem and related on‑chain transaction volumes. In the short term, traders may see increased demand for stablecoins as fintechs and enterprises pilot low‑cost settlement rails, boosting transfer volumes and on‑chain activity. If 1Money’s Layer‑1 delivers reliable, gas‑free settlement and attracts liquidity, it could shift payment flows toward the network and benefit tokens used for settlement within its ecosystem. However, the positive price impact is conditional: benefits hinge on network uptime, actual cost economics (who bears off‑chain costs), merchant and custodial integrations, and regulatory acceptance. If the project fails to scale, faces performance issues, or encounters regulatory pushback, the bullish effect would be muted. Overall, compared with incumbents that charge platform fees, a credible zero‑fee operator increases adoption probability for payment‑oriented stablecoins, supporting a constructive market view for related stablecoin usage and on‑chain volume.