Ex-Signature Executives Introduce N3XT Blockchain Bank

N3XT Launch: Former executives from Signature Bank have launched N3XT, a blockchain-based bank designed for 24/7 instant payments, which will not engage in lending and will back all deposits one-to-one with cash or short-term Treasuries to ensure stability.

Leadership and Vision: N3XT is led by Scott Shay and Jeffrey Wallis, aiming to integrate crypto-native speed and automation into mainstream finance, with a focus on programmable payments and interoperability with digital assets.

1Money's Stablecoin Platform: Former Binance.US CEO Brian Shroder has introduced 1Money, a stablecoin orchestration platform that aims to reduce enterprise fees and is preparing to launch a zero-gas layer-1 blockchain for payments.

Regulatory Progress and Adoption: 1Money has secured 34 US money transmitter licenses and is entering a growing stablecoin market supported by major payment firms, as interest in stablecoin infrastructure continues to rise amid advancing regulations.