Brian Shroder, CEO of 1Money, is reconsidering how stablecoins work. Imagine stablecoins built on a solid foundation, free from the ups and downs of a native token. That’s exactly what Shroder is working on—a unique Layer 1 (L1) blockchain made just for stablecoins, without needing a native token. This bold move is shaking up the crypto world and catching the eye of industry leaders, paving the way for fresh ideas in blockchain technology.
A Unique Approach to Layer 1 Development
Brian Shroder’s 1Money team is making waves by abandoning the native token for their blockchain. Rather, they are working to develop a framework that facilitates easy and effective stablecoin transactions. Shroder views native tokens as an unneeded source of instability, even though most blockchains rely on them.
By excluding them, 1Money’s L1 blockchain offers a more realistic approach to handling international payments, increased stability, and reduced expenses. The goal? To create a space where stablecoins can thrive without the risks of speculative token economics. Shroder explains that this approach keeps things simple and ensures the system is built for today’s financial needs.
Stability Without Speculation
According to Shroder, native tokens in traditional blockchains often hinder progress by introducing financial risks. He believes stablecoins deserve a neutral, reliable infrastructure to facilitate large-scale real-world adoption. The 1Money L1 prioritizes scalability and security to empower institutions, businesses, and users seeking stablecoin-based solutions.
Shroder highlights that this model aligns more closely with global regulatory expectations. Financial institutions are often wary of solutions linked to volatile native tokens. By eliminating this hurdle, 1Money makes it easier for traditional finance to embrace stablecoins, paving the way for their use in everyday transactions.
A Glimpse Into the Future of Stablecoins
Shroder believes stablecoins are here to stay and will play a key role in the financial system. He sees them as a better alternative to traditional money, offering more transparency and efficiency. His vision for 1Money is to make stablecoins more scalable with a specialized L1 blockchain that could set new industry standards.
The project has also raised questions about whether its “no token” approach could be a model for future blockchains. While skipping a native token is unusual, Shroder’s focus on real-world usefulness over hype might be exactly what stablecoins need to go mainstream.
