Uno’s app aims to simplify cross border remittances by using Stablecoins and blockchain rails to reduce cost and settlement times.
What is Uno and why does it matter for remittance flows? In brief:
What is Uno?
Uno is a payments app built by Standard Economics and founded by Evan Jones, Payam Abedi and Tyler Carnevale. The company says it has six employees and is not yet generating revenue.
Are Stablecoins central and is Uno an unbanked payments solution?
Uno intends to route payments via Stablecoins to speed transfers and lower fees while settling on‑chain; the team emphasises interoperability with existing exchanges and rails.
In this context, Uno’s reliance on Stablecoins underscores the importance of on‑chain liquidity and rigorous counterparty risk management.
Achieving low fees and fast settlement will depend on deep exchange liquidity and resilient custodial operations across jurisdictions. As Paradigm notes, “Stablecoins and native blockchain rails can materially reduce friction in cross-border transfers.”
In brief, Uno positions itself as a low‑cost, blockchain‑first corridor for consumer payments, prioritising speed and interoperability.
Who backed Uno?
How much did the seed round raise?
Uno closed a $9 million seed round, according to the Fortune report, led by Paradigm with participation from Lightspeed and strategic angel investors.
Does investor interest reflect belief in a stablecoin remittances platform?
Investors appear to be backing the broader thesis that crypto rails can lower corridor costs for cross‑border transfers rather than speculative token plays. With limited staff and no revenue yet, the capital is earmarked for product development, compliance and local integrations.
Monitor local partner integrations and liquidity depth when assessing whether Uno can sustain low‑fee international remittances at scale.
When and where will Uno launch?
Is Uno launching as a remittance app in Mexico?
Uno planned its initial rollout in Mexico on 28 October 2025, offering an iOS and Android remittance app aimed at domestic payments and cross‑border exits to dollar access.
Will Uno act as an international money transfer app in Argentina and the Philippines?
The company has stated plans to expand next into Argentina and the Philippines after the Mexico debut, targeting corridors with high remittance volumes and existing on‑ramp opportunities.
What regulatory and compliance issues should users consider?
Stablecoin‑based payments face evolving compliance standards across jurisdictions; frameworks for issuance, custody and AML differ and can affect service availability and product features.
Regulatory warning: using Stablecoins may expose users and providers to licensing and enforcement risks depending on local law.