Former a16z crypto investor Sam Broner announced the launch of The Better Money Company with his college friend Adam Zuckerman, raising $10 million in seed funding. The round was led by a16z crypto, with participation from BoxGroup and Sunflower Capital, and angel investors including Circle co-founder Sean Neville and former Microsoft executive Charlie Songhurst. The company aims to establish a stablecoin clearinghouse, providing customers with low-cost exchange services for various USD-pegged tokens. Broner previously worked at a16z crypto for over two years, focusing on stablecoin investments. Zuckerman previously worked at Latham & Watkins and later served as general counsel for Eigen Labs. The two founded the company last November and have already secured commitments from several issuers, including Paxos, Stripe's Bridge, and MoonPay. The company plans to support all tokens compliant with the signed and effective Genius Act, excluding USDT (its US version, USAT, is unaffected). The product is not yet publicly available but is expected to be available to customers in the coming weeks.