1Money Bridges Blockchain and Banking With 34 U.S. Licenses

Stablecoin payment processor 1Money has secured 34 U.S. money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority, positioning itself as a key player in the global stablecoin infrastructure. The company, which is developing a Layer 1 protocol for Web3 payments, announced that these regulatory approvals will enable it to offer “stablecoin orchestration services,” bridging the gap between its 1Money Network blockchain and traditional financial systems. This move is expected to accelerate the adoption of stablecoins for global payments and real-world asset (RWA) transactions. The 34 U.S. money transmitter licenses (MTLs) now hold the most among major stablecoin firms, surpassing competitors like Bridge and BVNK. These licenses allow 1Money to provide cross-border payment solutions, fiat virtual accounts, stablecoin custody, and compliance-driven distribution channels for digital assets. The company’s operations are now authorized across 40 U.S. jurisdictions, with additional support from its Bermuda-based entity, which operates under a world-class regulatory framework. This expansion comes amid a growing interest in stablecoins as both a transactional medium and a tool for institutional finance. According to recent data, stablecoin transactions totaled $94.2 billion between January 2023 and February 2025, with 90% of institutional players either using or exploring stablecoins. The U.S. Senate’s recently passed GENIUS Act, which imposes reserve requirements and regulatory oversight on stablecoin issuers, is also contributing to the maturation of the market. 1Money’s CEO, Brian Shroder, emphasized that the licenses are pivotal to its mission of enabling interoperability between blockchain and traditional financial systems. The company’s platform is designed to support multiple stablecoins across various fiat currencies, offering users the ability to transact with low fees and fast settlement times. By combining its Layer 1 blockchain with regulated financial services, 1Money aims to provide a comprehensive infrastructure for stablecoin-based payments and RWAs. Legal and compliance executives from the company have highlighted the rigorous framework they have developed to meet U.S. and Bermuda regulatory standards. This includes real-time anti-money laundering (AML) and know-your-customer (KYC) checks through smart contracts and digital compliance processes. The company’s Chief Compliance Officer, Kristen Hecht, noted that businesses increasingly require a trusted, regulated partner when adopting digital assets, and 1Money’s dual presence in the U.S. and Bermuda makes it a strategic choice. The broader stablecoin ecosystem is evolving rapidly, with traditional financial institutions also entering the space. For example, JPMorgan Chase, Shopify, and Stripe have all launched or expanded stablecoin initiatives in recent months. These developments reflect a growing recognition of stablecoins as a viable alternative to legacy payment systems. However, the sector is not without risks. Financial institutions, for instance, face potential challenges as stablecoins could disrupt traditional banking models by reducing the need for deposits held in banks. In addition, regulatory uncertainty remains, with differing approaches across jurisdictions. The European Union’s MiCA regulations and the U.S. GENIUS Act represent early steps toward a more structured regulatory environment, but the long-term impact of these frameworks remains to be seen. As stablecoins continue to gain traction, their role in global finance is expected to expand. 1Money’s strategic licensing and technological capabilities position it to play a key role in this transformation, particularly as more businesses seek to integrate digital assets into their operations. With its comprehensive regulatory compliance and infrastructure, 1Money aims to become a leading provider of stablecoin solutions, bridging the digital and traditional financial ecosystems in a secure and scalable manner. Source: [1] 1Money Secures 34 U.S. Money Transmitter Licenses and Bermuda BMA Class F License to Support Stablecoin Payments Worldwide (https://www.morningstar.com/news/business-wire/20250904212056/1money-secures-34-us-money-transmitter-licenses-and-bermuda-bma-class-f-license-to-support-stablecoin-payments-worldwide) [2] Stablecoin Startup 1Money Gains 34 US Licenses (https://cointelegraph.com/news/1money-stablecoin-infrastructure-licenses) [3] Europe Needs a Euro Stablecoin by Lucrezia Reichlin (https://www.project-syndicate.org/commentary/europe-needs-a-euro-stablecoin-backed-by-ecb-liquidity-support-by-lucrezia-reichlin-2025-09) [4] The Loophole Turning Stablecoins Into a Trillion-Dollar Fight (https://www.wired.com/story/genius-act-loophole-stablecoins-banks/) [5] Technology, Payments, and the Rise of Stablecoins (https://www.imf.org/en/Publications/fandd/issues/2025/09/editor-letter-technology-payments-stablecoins)