1Money, a layer-1 stablecoin payments network, has successfully raised over $20 million in seed funding to advance its digital payments infrastructure. The seed round saw participation from more than two dozen venture capital firms, including notable names like F-Prime Capital and Galaxy Ventures. Led by former Binance.US CEO Brian Shroder, who described stablecoins as essential to a modernized global financial system, 1Money aims to facilitate instant transactions while supporting multiple stablecoins. With a patent-pending Byzantine consistent broadcast design, the new protocol will streamline payments, allowing users to pay transaction fees directly in the stablecoin being used. The current stablecoin market, valued at approximately $214 billion, is primarily dominated by Tether and USD Coin, representing over 85% of the total market share. As competition rises with fintech giants entering the space, industry experts predict significant growth in stablecoin demand, paving the way for innovative payment solutions in 2025 and beyond.

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