Better Money Company Raises $10 Million to Build Stablecoin Clearinghouse with a16z Crypto Lead

Former a16z crypto investor Sam Broner and co-founder Adam Zuckerman announced on March 31, 2026 that they have raised $10 million in seed funding for Better Money Company, a stablecoin clearinghouse designed to enable seamless exchange between different dollar-backed tokens at predictable prices with no slippage.

Andreessen Horowitz’s crypto arm led the round with participation from BoxGroup and Sunflower Capital, alongside angel investors including Circle co-founder Sean Neville and former Microsoft executive Charlie Songhurst.

a16z Crypto Backs Former Investor’s Stablecoin Infrastructure Vision

Sam Broner spent more than two years on the a16z crypto investment team specializing in stablecoins before departing to launch Better Money Company. Ali Yahya, general partner at Andreessen Horowitz, stated that Broner quickly became the firm’s stablecoin expert and taught the team extensively about the sector, adding that the investment is primarily an investment in Broner, which reflects the firm’s typical approach to underwriting early-stage investments.

Adam Zuckerman, Broner’s co-founder, previously served as general counsel at Eigen Labs and worked under a16z crypto Head of Policy and General Counsel Miles Jennings at Latham & Watkins. The two founders met while studying for their undergraduate degrees in Massachusetts. Broner’s prior experience includes work at the Federal Reserve Bank of Boston on applied fintech and roles as a software developer at GE and Microsoft.

The company was founded in November 2025 and has since secured commitments from multiple stablecoin issuers intending to join the clearinghouse, including Paxos, Stripe’s Bridge, and MoonPay. The founders declined to disclose the valuation at which the seed round was raised.

Stablecoin Clearinghouse Addresses Fragmentation in Growing Market

Better Money Company aims to solve what the founders describe as a gap in stablecoin infrastructure: stablecoins are not yet fungible with each other. Currently, businesses receiving one stablecoin but needing another must use decentralized exchange swaps with slippage, over-the-counter desks with minimum sizes, or manual conversions through multiple intermediaries.

The clearinghouse operates as a neutral clearing layer that enables stablecoin collateral to be exchanged at face value through direct participation from banking partners and issuers. Broner stated that if the stablecoin ecosystem is to grow, there needs to be one place to access the breadth of what is available. Zuckerman described the mission as making stablecoins better money.

The company plans to support any token compliant with the GENIUS Act, the stablecoin legislation passed in 2025 that requires issuers to formally register and hold dollar-for-dollar reserves. This notably excludes Tether’s USDT, the largest stablecoin by market capitalization, though the American version USAT would be eligible for inclusion.

Investor Interest in Stablecoins Intensifies amid Mainstream Adoption

Stablecoin investor enthusiasm has remained strong despite Bitcoin and Ethereum trading significantly below their 2025 all-time highs. Proponents argue that stablecoins can speed up transactions and reduce fees compared to traditional payment rails. In March 2026, Mastercard agreed to acquire stablecoin startup BVNK for up to $1.8 billion, reflecting growing mainstream financial interest.

Broner noted that the drumbeat has gotten louder and the urgency clearer regarding how financial institutions need to integrate stablecoins into their products. The stablecoin field has become increasingly crowded, with established players including Circle’s USDC and Tether’s USDT, while newer entrants such as Klarna, Cloudflare, Sony, and Fiserv have launched or signaled plans to launch their own tokens.

The Better Money Company has not yet launched its product publicly but plans to make the clearinghouse available to customers in the coming weeks. Broner stated that the platform will let customers place orders for new tokens more cheaply than buying or selling stablecoins on the open market, with accounts created across different crypto companies to facilitate efficient exchange.

FAQ

What does Better Money Company do?

Better Money Company is building a stablecoin clearinghouse that enables businesses to exchange different dollar-backed tokens at predictable prices with no slippage. The platform allows any stablecoin in and any stablecoin out through direct participation from banking partners and issuers, treating major stablecoins as fungible.

Who are the founders and who led the funding round?

Better Money Company was founded by Sam Broner, former a16z crypto investor specializing in stablecoins, and Adam Zuckerman, former general counsel at Eigen Labs. a16z crypto led the $10 million seed round with participation from BoxGroup and Sunflower Capital, plus angel investors including Circle co-founder Sean Neville.

Which stablecoins will the clearinghouse support?

The company intends to support any token compliant with the GENIUS Act, the US stablecoin legislation. This includes Circle’s USDC and Paxos-issued tokens, among others, but excludes Tether’s USDT, though the American version USAT would be eligible for inclusion.