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1Money obtained 34 Money Transmitter Licenses (MTL) in the United States and a Class F license in Bermuda, enabling it to operate regulated payment services with stablecoins and multi-currency fiat accounts.
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This combination of state authorizations and operational structure facilitates stablecoin orchestration, meaning the coordinated management of multiple stablecoins to optimize payments, conversions, and settlements, enhancing interoperability between fiat and digital currencies and enabling more efficient commercial and cross-border payments.
Licenses and Scope
Obtaining 34 MTLs in the U.S. and a Class F license in Bermuda expands 1Money’s national and international reach, allowing it to offer services under both state and international regulatory frameworks. These authorizations provide a solid legal foundation to integrate correspondent banks, partners, and traditional providers, lowering entry barriers in the U.S. market and promoting innovation in instant payments and settlements.
Announcement Summary
With these licenses, 1Money can provide services requiring money transmitter authorization, including:
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Operational custody
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Fiat-to-stablecoin conversions
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Merchant payment processing
This allows offering settlement solutions and multi-currency fiat accounts integrated with stablecoin orchestration for local and cross-border payments, optimizing efficiency and reliability for institutional transactions.
Practical Implications
Holding multiple MTLs does not remove regulatory obligations, such as ongoing supervision, capital requirements, and AML/KYC controls, but state coverage allows deploying local operations without relying on third-party licenses, accelerating fiat account offerings and enabling instant settlement through stablecoin orchestration.
Benefits for Users and Merchants
Stablecoin orchestration provides:
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Lower fees compared to traditional banking intermediaries
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Faster settlement times
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Multi-currency compatibility to manage multiple fiat and stablecoins on a single platform
Operating under state licenses and a Class F license in Bermuda also improves institutional trust, strengthens integration with banks and traditional providers, and facilitates corporate adoption of regulated digital payments.
Regulatory Risks and Challenges
Significant risks remain, including:
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Regulatory heterogeneity across states
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Reliance on correspondent banks for fiat liquidity
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Potential federal regulatory pressure on stablecoin issuers
Maintaining trust requires reserve audits, operational transparency, and robust security controls against custody and cyber risks.
Implications for Financial Sovereignty and Decentralization
Expanding regulated stablecoin infrastructure can increase access to more efficient payment systems without relying solely on traditional banking. However, preserving financial sovereignty requires platforms to uphold high transparency standards and minimize centralization points that could lead to abusive controls or payment censorship, while ensuring trust and stability for users and institutions.
Conclusion
The granting of 34 MTLs and a Class F license in Bermuda positions 1Money as a key player in stablecoin payments infrastructure, with real potential for faster and more cost-efficient payments. Its impact will depend on operational execution, reserve transparency, and the evolution of state and federal regulations. The combination of international reach, regulatory compliance, and technological efficiency could set a precedent for institutional adoption of secure digital payments.
