Stablecoins are better money, but still don't fully operate like it. Fragmentation, manual routing, and inconsistent outcomes are what clearinghouses solve in fiat rails. The Better Money Company are building this for stablecoins. Thrilled to support Sam Broner and team!
The Next Era of Money is here. Stablecoins are faster, cheaper, better money. They settle in seconds, cost pennies to send, move globally without intermediaries, and operate around the clock. They have the power to fundamentally reshape how money moves for the entire world. You know this. We know this. But today, stablecoins don’t yet operate like money. They are fragmented across chains, issuers, and products. Moving between them is slow, expensive, and manual. Different stablecoins can even have varying values across platforms. That’s not how money should work. We started The Better Money Company to fix this, beginning with a stablecoin clearinghouse. Clearinghouses solve a fundamental coordination problem. They transform a fragmented many-to-many market into a unified network, enabling systems to scale. Our clearinghouse connects stablecoin issuers to the businesses building with stablecoins. Fintechs, neobanks, payments companies, and anybody building with better money will be able to build products knowing any clearinghouse supported stablecoin can move and be accepted at $1 every time. In a world with hundreds of stablecoins, which we believe is fast approaching, a clearinghouse is essential. We’re building it. We’ve raised $10 million, led by a16z crypto, with participation from BoxGroup, Sunflower Capital, The Fintech Fund 🚀, Art L., Michael B. Tannenbaum, Patrick McHenry, Sean Neville, Charlie Songhurst, Adi G., and other world-class investors and partners. If you want to join the clearinghouse or help build the clearing layer for the next era of money, reach out. We’re excited to hear from you. https://bettermoney.com/