Stablecoins are here. They are faster, cheaper, better money. Stablecoins settle in seconds and cost pennies to send. They can move globally without intermediaries. They operate around the clock.
Stablecoins have the power to fundamentally reshape how money moves for the entire world. You know this. We know this.
But stablecoins don't yet operate like money. Whether it's in a Chase account, a PayPal wallet, or crumpled in a couch cushion, you can spend your dollar as a dollar. Stablecoins aren't there yet. Different stablecoins are fragmented across chains, issuers, and products. Moving between them is slow, expensive, and manual. The result is that different stablecoins have varying values across platforms. That’s not how money should work.
We started The Better Money Company to solve this problem.
An Inevitable Solution
We’re building toward the next era of money – the first step is a stablecoin clearinghouse.
Fragmentation of money is not a new problem. In nineteenth-century America, thousands of private banks each issued their own bank notes. All were redeemable for a dollar – technically – but had different commercial values depending largely on the size, quality, and distance from the issuing bank.
Clearinghouses solved this problem. Dollars are now consistently worth exactly a dollar regardless of where they are held. Crucially, payment systems emerged to help ensure a dollar is also worth exactly a dollar when transferred. All major fiat payment rails rely on clearing or coordination: card networks, ACH, Fedwire, CHIPS, checks, CHAPS, TARGET2, CLS, PIX, UPI and more.
Clearinghouses solve a fundamental coordination problem. They transform a fragmented many-to-many market into a unified network, so systems can scale.
In a world with hundreds of stablecoins, which we believe is fast approaching, a clearinghouse is necessary. We’re building it.
For Issuers and Builders
Companies launching stablecoins can integrate with the clearinghouse once so any company building on the network can accept and use their stablecoin at par from day one.
Companies building with stablecoins can plug into the clearinghouse once to accept or send any supported stablecoin as a unified, modern payment rail.
The clearinghouse is the critical missing connectivity layer that stitches together the rapidly growing ecosystem of stablecoin issuers and builders.
Stablecoins are the foundation on which companies will build better money and payments products. The last generation of great companies owned their software stack. The next generation will own their financial stack.
Our Partners
We are thrilled to have exceptional backers and partners helping us build better money.
We’ve raised $10 million led by a16z crypto with participation from BoxGroup, Sunflower Capital, Dorm Room Fund, The Fintech Fund, Art Levy, Michael Tannenbaum, Patrick McHenry, Sean Neville, Charlie Songhurst, Will Manidis, Packy McCormick, and Adi Goel alongside a world-class group of other investors and partners.
We are proud that the following stablecoin issuers and sponsors intend to join the clearinghouse: Paxos, Bridge, MoonPay, Agora, M0, Bastion, Frax, Brale, MetaMask, and Phantom.
Together, we'll bring better money to our first builder partners: Ramp, Modern Treasury, Privy, Turnkey, Notabene, Mesh, LayerZero, Utila, alfred, BitGo, and Takenos.
We're hiring. If you want to build the clearing layer for the next era of money, reach out: [careers@bettermoney.com]
