Stablecoin payment processor 1Money secures 34 US money transmitter licenses
1Money secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license to launch stablecoin orchestration services.
1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority.
According to a Thursday announcement, the company plans to launch global “stablecoin orchestration services” through its regulated entities. It aims to provide stablecoin infrastructure, including a dedicated layer-1 protocol, orchestration services and a full suite of compliant fiat solutions.
1Money says its regulated footprint enables it to support both stablecoin and real-world asset (RWA) issuers. Its customers would be allowed to mint stablecoins and RWA tokens and connect them with the traditional banking system.
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