Stablecoin Firm 1Money Secures Key U.S. and Bermuda Licenses

• 1Money gains 34 U.S. licenses and Bermuda approval to expand global stablecoin payments.
• The firm will provide stablecoin minting, custody, fiat ramps, and payment services.
• Stablecoin use is rising, with $94B settled in transactions from 2023 to 2025. 

Stablecoin payment processor 1Money has secured 34 money transmitter licenses across the United States and a Class F digital asset business license from the Bermuda Monetary Authority. The announcement on Thursday signals the company’s readiness to launch regulated stablecoin orchestration services across multiple jurisdictions.

The approvals give 1Money the ability to operate in 40 American states and territories, alongside a regulatory framework from Bermuda, one of the world’s leading hubs for digital asset licensing. The company has also registered as a Money Services Business with the U.S. Financial Crimes Enforcement Network (FinCEN), further strengthening its compliance profile.

Brian Shroder, co-founder and Chief Executive Officer of 1Money, described the milestone as central to the company’s mission. “These licenses allow us to orchestrate stablecoin flows seamlessly across both traditional rails and emerging blockchain infrastructure,” he said in the statement.

Stablecoin and Real-World Asset (RWA) Services for Enterprises

The company is building the 1Money Network, a layer-1 blockchain explicitly designed for payments. The protocol is dedicated to stablecoins and real-world assets, offering instant settlement and fixed transaction fees, with payment of network costs in the network’s native stablecoin. In contrast to most blockchains, 1Money is not based on speculative tokens or complex tokenomics.

Through its regulated entities, the company will offer businesses its full range of services, which includes minting and custody of stablecoins, tokenization of real-world assets, fiat on/off-ramps, global payments, and foreign exchange services.

Christopher Lalan, Chief Legal Officer of 1Money, stated that the licenses represent a significant step in building trust. “This achievement reflects our commitment to establishing a compliance framework that aligns with U.S. and Bermuda regulators,” Lalan noted.

Chief Compliance Officer Kristen Hecht added that regulatory clarity is essential for enterprises. “Businesses need more than technology. They need a regulated partner that can support them at scale,” she said.

Related: Fed to host Oct Summit on Stablecoins, DeFi, AI and Tokenization

Global Stablecoin Adoption and Institutional Growth

1Money’s expansion comes at a time of rapid growth in stablecoin adoption for digital payments. Also, reportedly, over $94.2 billion was paid in stablecoin transactions between January 2023 and February 2025. Later, in May, a survey of 295 bank, fintech, and payment gateway executives revealed that 90% of respondents either used stablecoins or were exploring their use.

Retailers and payment giants have also developed stablecoin offerings worldwide. Spar, the supermarket chain in Switzerland, began to accept stablecoin payments in stores in August. Later, Shopify provided early access to stablecoin payments with Circle (USDC) by partnering with Coinbase in June. 

Visa also added PayPal USD (PYUSD), Global Dollar (USDG), and Euro Coin (EURC) to its settlement platform. Furthermore, Mastercard collaborated with Circle and Finastra and added USDC to its merchant network, and Stripe launched stablecoin-based accounts in more than 100 countries.

1Money Competitive Advantage in Stablecoin Infrastructure

With 1Money achieving both U.S. and Bermuda approvals, it is now ahead of its competitors, like Bridge and BVNK. With this move, the company positions itself as a bridge between traditional finance and blockchain, and its services are aimed at enterprises interested in compliant solutions for stablecoins and real-world asset transactions.

Shroder stated that the company’s focus remains clear, which is to provide the infrastructure that allows enterprises and issuers to connect seamlessly with the traditional banking system while leveraging the efficiency of blockchain.

According to industry analysts, the entry of a fully licensed player such as 1Money would help accelerate the adoption of stablecoin payments by addressing compliance and regulatory obstacles that have slowed institutional adoption.

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