August 6th, 2025
1Money Launches Public TestNet and Developer Portal, Ushering in a New Era for Payments
The 1Money Network's TestNet Achieves Unprecedented Speed and Redefines Layer 1 Standards with No Native Token
New York, NY – August 6, 2025 – The 1Money Network, the world’s first Layer 1 protocol purpose-built for Web3 payments, today announced the public launch of the 1Money Network TestNet and Developer Portal, a significant milestone on its path towards a year-end MainNet launch. This key development marks a pivotal step for 1Money as it strives to revolutionize global payments and empower developers and enterprises to innovate, build, and scale on its next-generation Layer 1 protocol optimized exclusively for stablecoin and Real World Asset (RWA) transactions.
With its TestNet launch, 1Money is positioning itself as a major disruptor in stablecoin infrastructure, tackling one of the industry’s longstanding pain points: the reliance on speculative tokens for transaction fees. Unlike traditional blockchains, where businesses are forced to deal with volatile “gas” tokens and unpredictable costs just to move stablecoins, 1Money has eliminated the need for a separate native network token entirely. Instead, its network allows users to pay fees directly in the same stablecoin they are sending, providing cost certainty and minimizing exposure to secondary market fluctuations. This innovation targets corporations and end-users that want to use stablecoins but are hesitant to purchase the speculative assets required to fund gas fees.
At the heart of this shift is 1Money’s proprietary, patent-pending protocol, which doesn’t rely on the conventional proof-of-work or proof-of-stake mechanisms, but instead processes transactions as they occur simultaneously, with equal weight and equal priority. This technical leap enables settlement finality in under a second—sidestepping typical blockchain congestion and slow confirmation times. Internal tests show the 1Money Network processing 100% of stablecoin transactions in under 1 second, demonstrating reliability and transaction speeds that significantly surpass those of existing payment networks.
"Our current TestNet results validate years of dedicated research and development," said Brian Shroder, Co-Founder and CEO of 1Money. "The 1Money Network TestNet has showcased exceptional throughput and near-instantaneous transaction finality, indicating its potential to revolutionize real-time payments, cross-border transactions, and high-frequency micro transactions. We are not just building another payment network; we are setting new standards for the speed, cost, and reliability of stablecoin payments, which will ultimately benefit individuals and businesses globally."
Designed and engineered from the ground up to be the fastest, cheapest, and most compliant protocol for Web3 payments, the 1Money Network’s key highlights include:
- No Native Gas Token Required: For the first time ever, users no longer need to hold two assets in their digital wallet to send a stablecoin — now the only thing needed to send a stablecoin is just the stablecoin itself.
- Instant Transaction Confirmation: Experience real-time settlement for stablecoin and RWA transactions, eliminating the delays and unpredictable processing time of legacy blockchains.
- Fixed, Ultra-Low Fees: Say goodbye to variable gas fees, and say hello to predictable, fixed pricing with the industry’s lowest rates and plans for free "gasless" transactions through ecosystem partners.
- High Throughput and Unparalleled Scalability: Designed to scale well beyond 250,000 transactions per second with zero performance degradation.
The 1Money Network TestNet and Developer Portal, now live, are designed to be the gateway for building production-grade apps and integrations. Developers and enterprises can immediately access:
- Quick Start Guides & Code Samples: Get up and running in minutes with tutorials and live code examples.
- REST APIs, SDKs, and WebSocket Streams: Integrate core functions like stablecoin issuance, payments, and compliance flows.
- Interactive TestNet Faucet: Mint, burn, and test payments with simulated stablecoins.
- Hosted Infrastructure: Deploy without running your own node—ideal for startups and rapid prototyping.
- Real-Time Monitoring Tools: Stream live transactions and network events with built-in observability.
Start building today and become a part of the stablecoin revolution at:
https://developer.1moneynetwork.com
https://developer.1moneynetwork.com
About 1Money
1Money Co. is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver the fastest, cheapest, and most secure transactions globally. Backed by leading investors and built on cutting-edge technology, 1Money aims to revolutionize global finance by providing a superior stablecoin payment experience for users worldwide. Purpose-built for stablecoin payments, the 1Money Network ensures instant confirmations, industry-low fixed fees, world-class security, and native compliance features. Supporting multiple stablecoins across various fiat currencies, the platform eliminates the need for speculative assets or complex “tokenomics,” with network fees paid directly in the stablecoin being transacted. By simplifying the Web3 experience through its revolutionary technology, 1Money aims to accelerate the mainstream adoption of stablecoins as a foundation for the future of global finance.
1Money Co. is building the world’s first Layer 1 payments network exclusively for stablecoins, designed to deliver the fastest, cheapest, and most secure transactions globally. Backed by leading investors and built on cutting-edge technology, 1Money aims to revolutionize global finance by providing a superior stablecoin payment experience for users worldwide. Purpose-built for stablecoin payments, the 1Money Network ensures instant confirmations, industry-low fixed fees, world-class security, and native compliance features. Supporting multiple stablecoins across various fiat currencies, the platform eliminates the need for speculative assets or complex “tokenomics,” with network fees paid directly in the stablecoin being transacted. By simplifying the Web3 experience through its revolutionary technology, 1Money aims to accelerate the mainstream adoption of stablecoins as a foundation for the future of global finance.
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