Crypto wallet provider Exodus (EXOD) is entering the stablecoin market with the launch of a fully-reserved, USD-backed stablecoin in partnership with fintech company MoonPay.
MoonPay will issue and manage the stablecoin, with support from stablecoin infrastructure provider M0. The token is expected to go live in January 2026, with network and product details to follow.
The move places Exodus among a small group of public companies behind stablecoins, including Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD).
The Exodus stablecoin is at the heart of its upcoming product, Exodus Pay, which aims to offer daily payments in crypto without sacrificing self-custody. Users will be able to spend and send digital dollars through the Exodus app while earning rewards and avoiding the complexity of typical crypto 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 the experience still needs to meet the expectations set by today’s consumer apps.”
In practice, this could look like a user sending money internationally or buying coffee using a stablecoin in the Exodus app, without needing to touch a centralized exchange or manage complex wallet settings.
MoonPay, which launched its enterprise stablecoin platform in November, said the Exodus deal demonstrates how branded digital dollars can be integrated into consumer-facing financial tools.
“This launch shows what is possible when a consumer-focused product integrates the issuance of compliant stablecoins with infrastructure and distribution that can operate on a global scale,” said Ivan Soto-Wright, CEO of MoonPay.
The Exodus stablecoin will be accessible through MoonPay’s global network, including its buying, selling and trading tools. Deployment will depend on regulatory approval in different markets.
