Blockchain payments startup 1Money has taken a major step toward global expansion after securing 34 U.S. money transmitter licences (MTLs) and a Class F digital asset licence from the Bermuda Monetary Authority. These approvals allow the firm to move ahead with regulated stablecoin services, positioning it among a select group of companies with extensive compliance coverage in the United States. Similar nationwide licensing is currently held by only a few crypto-native firms such as Coinbase, Circle, and Paxos.
The licences pave the way for the company to introduce its stablecoin orchestration services, built on a dedicated layer-1 blockchain that connects with fiat systems and orchestration tools. This infrastructure will allow issuers to create stablecoins and tokenize real-world assets while integrating directly with existing banking networks. The Bermuda licence follows a framework comparable to the one granted to Circle Internet Financial, the issuer of the $32 billion USDC stablecoin.
Chief Executive Officer Brian Shroder, previously president of Binance.US, indicated that the approvals equip 1Money with the ability to manage stablecoin flows across both traditional financial systems and blockchain infrastructure. The dual U.S.–Bermuda authorizations place the company in a strong position to compete with established players including Circle, Paxos, and PayPal, particularly in the institutional payments sector.
Stablecoin Market Gains Global Momentum
The move comes at a time when stablecoin usage is expanding rapidly across the globe. Industry figures reveal that $94.2 billion in stablecoin transactions were processed between January 2023 and February 2025. Currently, stablecoins make up more than 10 percent of the overall cryptocurrency market capitalization, with circulating supply exceeding $160 billion. Tether leads the market with $112 billion in circulation, while USDC follows at $32 billion.
Institutional interest has been rising steadily. A survey conducted in May among nearly 300 executives from banks, payment providers, and fintech firms found that nine out of ten respondents were either actively using or exploring stablecoin solutions. Retail adoption is also beginning to expand, with Swiss supermarket chain Spar starting to accept stablecoin payments in August 2025.
Traditional payment giants have been moving quickly to integrate stablecoins into their platforms. Shopify provided early access to USDC payments in June, Visa extended its settlement network to cover multiple stablecoins including PayPal USD, and Mastercard partnered with Circle to support USDC expansion. Visa reported that its pilot settlement system processed more than $5 billion across three continents in the second quarter of 2025, showcasing the growing scale of stablecoin-based payments.
Regulation Becomes a Competitive Edge
Despite growing adoption, regulators have expressed concerns about the risks posed by dollar-denominated stablecoins. In January 2025, the European Central Bank warned that widespread use could undermine monetary sovereignty within the eurozone. Europe’s Markets in Crypto-Assets Regulation (MiCA), which came into effect in mid-2024, introduced strict rules on reserves and reporting for issuers.
1Money is proud to announce we have obtained a comprehensive suite of financial licenses across multiple jurisdictions, including:
✅ 34 Money Transmitter Licenses (USA)
✅ F Class, Digital Asset Business License (Bermuda)This remarkable accomplishment permits the company to…
— 1Money Network (@1MoneyNetwork) September 4, 2025
Against this backdrop, 1Money’s regulatory approvals give it a strategic edge. By achieving compliance across U.S. states and securing offshore authorization, the company is positioning itself as a trustworthy partner for institutions and fintech firms looking for stability in blockchain-based payments. Analysts point out that regulatory clarity is becoming a key differentiator in the stablecoin market, with licensed providers likely to attract institutional adoption more quickly than unregulated competitors.
Armed with its new approvals, 1Money is aiming to establish itself as a global stablecoin settlement provider, directly challenging Circle, Paxos, and PayPal. Market forecasts from Bernstein suggest that stablecoin payments could surpass $2.8 trillion annually by 2028, highlighting the growth potential for fully regulated entrants.
The company’s future success will depend on its ability to build liquidity within its layer-1 blockchain, secure partnerships with banks and fintech firms, and demonstrate consistent reliability in regulated markets. With stablecoins sitting at the intersection of traditional finance and digital assets, 1Money’s compliance-first strategy may become its most significant advantage in capturing market share.
