Multicurrency is the future of stablecoins, says former Binance.US exec
The US dollar dominates the stablecoin industry, but that can soon change, according to former Binance.US CEO and 1Money founder Brian Shroder.
16 years after the invention of Bitcoin, the blockchain industry has yet to solve the myriad problems plaguing traditional finance. A stablecoin network optimized for global payments in localized currencies could fix that, said former Binance.US CEO and founder of 1Money Network Brian Shroder.
In an interview with Cointelegraph, Shroder explained the motivation behind launching 1Money, a layer-1 network designed to support multicurrency stablecoin payments.
“Our mission is to make stablecoin payments more accessible and practical for everyday use,” said Shroder, while pointing to peer-to-peer transfers, e-commerce purchases and cross-border remittances as important use cases.
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Author: Sam Bourgi
