Cryptocurrency wallet provider Exodus (EXOD) is entering the stablecoin market by partnering with fintech company MoonPay to launch a fully reserved USD-backed stablecoin.
MoonPay issues and manages stablecoins with support from stablecoin infrastructure provider M0. The token is expected to go public in January 2026, with network and product details to be announced subsequently.
The move places Exodus among a small group of publicly traded companies that back stablecoin products, including Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD).
The Exodus stablecoin is at the heart of our upcoming product Exodus Pay, which aims to offer daily payments in cryptocurrencies without sacrificing self-control. Users will be able to spend and send digital dollars through the Exodus app while earning rewards and avoiding the complexities of typical cryptocurrency transactions.
“Stablecoins are quickly becoming the easiest way for people to hold and move dollars on-chain,” said JP Richardson, co-founder and CEO of Exodus. “But that experience needs to meet the expectations set by today’s consumer apps.”
In practice, this looks similar to how users can use stablecoins within the Exodus app to send money internationally or buy coffee. There’s no need to touch a centralized exchange or manage complicated wallet settings.
MoonPay, which launched its enterprise stablecoin platform in November, said the Exodus transaction demonstrates how branded digital dollars can be incorporated into consumer financial tools.
MoonPay CEO Ivan Soto-Wright said, “This announcement demonstrates what is possible with a consumer-first product that integrates compliant stablecoin issuance with globally operational infrastructure and distribution.”
The Exodus stablecoin will be accessible through MoonPay’s global network, which includes buying, selling, and exchange tools. Implementation is dependent on regulatory approval in various markets.
