1Money Network Raises $20M to Build Stablecoin Payments Platform

SAN FRANCISCO, Calif. — 1Money Network, a blockchain startup focused on stablecoin payments, emerged from stealth on Thursday, Jan. 16, announcing it has secured over $20 million in seed funding. The company plans to launch its Layer 1 protocol, the 1Money Network, in the second quarter of 2025.

The platform aims to address key challenges in stablecoin transactions, including delays, volatile fees, security vulnerabilities, and compliance issues. According to the company, the network will enable users to send and receive stablecoins in under a second, offer low transaction fees, and support multiple stablecoin tokens across various currencies.

“Stablecoins are poised to be the foundation for a new, modernized global financial system, and the 1Money Network will help bridge the gap between current Web3 technology and mainstream adoption,” said 1Money Co-founder and CEO in a press release. “1Money will make stablecoin payments more accessible and practical for everyday use cases — from paying friends to making eCommerce purchases and sending remittances.”

The network is designed to handle over 250,000 transactions per second, meeting global demand for scalable and efficient payment solutions. It will also feature native compliance mechanisms to ensure regulatory adherence.

Investors in the funding round include prominent venture capital firms. “The company’s purpose-built solution delivers what businesses and users actually need: instant settlement, low and predictable fees, robust security, and seamless compliance — all while maintaining the core benefits of Web3 technology,” said a co-founder and managing partner at one of the participating firms.

The announcement comes as stablecoins gain traction in mainstream financial systems. According to a recent report by PYMNTS, several traditional financial firms are currently participating in stablecoin-centric banking pilots. A payments expert at a leading financial institution noted that stablecoins are increasingly appearing in unexpected places, such as food delivery services, gas stations, and retailers.

1Money Network’s launch could mark a significant step toward the widespread adoption of stablecoins as a universal payment method, offering a faster, cheaper, and more secure alternative to traditional financial systems.