Exodus and MoonPay Team Up to Launch a Dollar-Backed Stablecoin for Everyday Payments
Crypto wallet provider Exodus has partnered with payments firm MoonPay to introduce a new US dollar-backed stablecoin designed for everyday spending. The fully reserved digital dollar is expected to launch in early 2026 and will be built directly into the Exodus ecosystem.
Key Takeaways
Exodus and MoonPay plan to launch a fully backed US dollar stablecoin in early 2026.
The stablecoin will power Exodus Pay, allowing users to spend and send digital dollars globally while staying in control of their funds.
MoonPay will handle issuance and distribution, with infrastructure provided by stablecoin platform M0.
Bringing Digital Dollars to Everyday Use
The upcoming stablecoin, which has not yet been named, will be integrated into Exodus Pay, a new payments feature coming to the Exodus app. The aim is to make sending and spending digital dollars as simple as using a traditional payment app—without requiring users to understand blockchain mechanics or manage private keys manually.
JP Richardson, co-founder and CEO of Exodus, said stablecoins are quickly becoming one of the easiest ways to move dollars onchain, but the user experience still needs to improve.
“Our goal is to make digital dollar payments feel just as seamless as the consumer apps people already use,” Richardson said, adding that Exodus Pay will be the starting point.
MoonPay and M0 Power the Infrastructure
MoonPay will issue and manage the stablecoin, while also distributing it across its global network. Users will be able to buy, sell, swap, deposit, and use the token for checkout through MoonPay’s existing services.
The stablecoin will be built using M0, an infrastructure platform that allows companies to create customizable, fiat-backed digital currencies. M0’s setup enables stablecoins to be programmable and interoperable while remaining tailored to specific product needs.
“Enterprises want stablecoins that are flexible, interoperable, and built around real user experiences,” said Luca Prosperi, co-founder and CEO of M0. “Our infrastructure is designed to support that at scale.”
A Growing Push for Stablecoins
The partnership comes as MoonPay expands its enterprise stablecoin business, launched in November, and as interest in digital dollars accelerates across both crypto and traditional finance.
Momentum has picked up since the passage of the GENIUS Act in July, which created a federal framework for US fiat-backed stablecoins. Since then, banks and crypto firms have rushed to launch their own tokens.
Recent examples include World Liberty Financial’s USD1 stablecoin, Stripe’s rollout of stablecoin-based accounts in over 100 countries, and Tether’s plans for a regulatory-compliant token known as USAT.
Despite the growing competition, the stablecoin market remains dominated by two players. Tether’s USDT controls around 60% of the market with roughly $186 billion in circulation, while Circle’s USDC holds about 25%, with a market cap near $78 billion. Together, they account for roughly 85% of the $310 billion global stablecoin market.
With Exodus and MoonPay entering the space, the push to make stablecoins usable for everyday payments is clearly accelerating.
