Crypto pockets supplier Exodus (EXOD) is coming into the stablecoin market with the launch of a completely reserved, USD-backed stablecoin in partnership with fintech agency MoonPay.
MoonPay will challenge and handle the stablecoin, with help from stablecoin infrastructure supplier M0. The token is anticipated to go dwell in January 2026, with community and product particulars to observe.
The transfer locations Exodus amongst a small group of public corporations behind stablecoin merchandise, together with Circle (USDC), PayPal (PYUSD) and Fiserv (FIUSD).
The Exodus stablecoin is central to its upcoming product, Exodus Pay, which goals to supply on a regular basis funds in crypto with out sacrificing self-custody. Customers will be capable to spend and ship the digital greenback via the Exodus app whereas incomes rewards and avoiding the complexity of typical crypto transactions.
“Stablecoins are rapidly changing into the only manner for folks to carry and transfer {dollars} onchain,” mentioned JP Richardson, co-founder and CEO at Exodus. “However the expertise nonetheless wants to fulfill the expectations set by at the moment’s shopper apps.”
In apply, this might appear to be a consumer sending cash internationally or shopping for espresso utilizing a stablecoin contained in the Exodus app, without having to the touch a centralized alternate or handle complicated pockets settings.
MoonPay, which launched its enterprise stablecoin platform in November, mentioned the Exodus deal demonstrates how branded digital {dollars} will be embedded into consumer-facing monetary instruments.
“This launch exhibits what’s doable when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that may function at world scale,” mentioned MoonPay CEO Ivan Soto-Wright.
The Exodus stablecoin might be accessible via MoonPay’s world community, together with its purchase, promote, and swap instruments. Rollout will depend upon regulatory approval in varied markets.
