Exodus (EXOD) joins stablecoin race with MoonPay-backed digital dollar

Crypto wallet provider Exodus (EXOD) is making a bold move by entering the stablecoin market with the launch of a fully reserved, USD-backed stablecoin in collaboration with fintech firm MoonPay.

The stablecoin will be issued and managed by MoonPay, with support from stablecoin infrastructure provider M0. The token is set to go live in January 2026, with more details about the network and product to be revealed soon.

This strategic move positions Exodus among a select group of public companies offering stablecoin products, such as Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD).

The Exodus stablecoin will play a central role in the upcoming Exodus Pay product, which aims to enable everyday payments in crypto while maintaining self-custody. Users will have the ability to spend and send the digital dollar through the Exodus app, all while earning rewards and avoiding the complexities typically associated with crypto transactions.

JP Richardson, co-founder and CEO of Exodus, emphasized the growing popularity of stablecoins as a simple way for people to hold and transfer dollars on the blockchain. He highlighted the importance of providing a user-friendly experience that meets the expectations of modern consumer apps.

In practical terms, users will be able to conduct international money transfers or make purchases using the stablecoin within the Exodus app, without the need to interact with a centralized exchange or manage intricate wallet settings.

MoonPay, which recently launched its enterprise stablecoin platform, sees the partnership with Exodus as a testament to the potential of integrating branded digital dollars into consumer-focused financial tools. MoonPay CEO Ivan Soto-Wright emphasized the importance of combining compliant stablecoin issuance with scalable infrastructure and distribution on a global level.

The Exodus stablecoin will be accessible through MoonPay’s global network, which includes buy, sell, and swap tools. The rollout of the stablecoin will be subject to regulatory approval in various markets.

Overall, the collaboration between Exodus and MoonPay represents a significant step forward in the stablecoin market, offering users a seamless and user-friendly way to engage with digital dollars while maintaining control over their assets.