Better Money has officially launched.
Sam Broner and Adam Zuckerman have founded The Better Money Company, a platform dedicated to bringing 1:1 at par stablecoin transfers. Member issuers and clients will be able to settle and receive major stablecoins under the TBMC (stablecoin) clearinghouse.
The pair have raised around $10M from A16zCrypto, Sunflower Capital, The Fintech Fund, and others. All custody services and settlement at present are conducted by partnership with BitGo and its new banking charter BitGo Bank and Trust, National Association.
Sam Broner is most widely known in the space as a proponent for stablecoins, having recently spent time helping A16Z Crypto team invest in builders in the ecosystem. After leaving his position, attention is now on growing TBMC and stablecoin acceptance.
A stablecoin clearinghouse is an idea that has been around for some time. Most notably, Stable(.)com’s provides a DeFi (Decentralised Finance) platform for this, while on the other side, Ubyx is taking the same idea but catering to major banking and financial institutions, merging a solution for both stablecoins and tokenised deposits.
