Former Binance.US CEO launches platform for stablecoin payments ahead of L1 network launch

1Money, a new company co-founded by the former CEO of Binance.US, has launched a stablecoin orchestration platform before its planned introduction of a layer-1 blockchain for payment transactions. 1Money’s platform will feature zero platform fees, opting instead for usage-based charges on stablecoins and fiat currency transactions. The initiative is expected to operate on 1Money’s own layer-1 network for stablecoin payments with no associated gas fees.