Brian Shroder, the former President and CEO of Binance.US, has announced a significant development for his new venture, 1Money. The project has launched its foundational stablecoin platform, marking a pivotal step toward its previously disclosed roadmap, which includes the deployment of a dedicated Layer-1 blockchain network. This strategic move follows the successful closure of a $20 million seed funding round for 1Money earlier this year, underscoring strong investor confidence in the initiative. The newly unveiled platform is designed to serve as the core infrastructure for the project’s planned stablecoin ecosystem. While specific technical details and a precise launch timeline for the accompanying blockchain remain forthcoming, this release positions 1Money as an emerging contender in the competitive stablecoin sector. The development signals Shroder’s continued focus on building regulated digital asset infrastructure following his tenure at the helm of Binance’s U.S. arm.
