Exodus Enters Stablecoin Market With USD-Backed Digital Dollar in Partnership With MoonPay

Crypto wallet provider Exodus (NASDAQ: EXOD) is officially entering the stablecoin market with plans to launch a fully reserved, USD-backed stablecoin in partnership with fintech company MoonPay. The new digital dollar is expected to go live in January 2026, marking a major expansion of Exodus’ product ecosystem and signaling growing interest among public companies in stablecoin issuance.

Under the partnership, MoonPay will issue and manage the stablecoin, while stablecoin infrastructure provider M0 will support the underlying technology. Although specific blockchain networks and technical product details have not yet been disclosed, Exodus confirmed that more information will be released closer to launch. The stablecoin will be fully backed by U.S. dollars, aligning with increasing regulatory and consumer demand for transparency and reserve-backed digital assets.

The move places Exodus among a relatively small group of publicly traded companies involved in stablecoins, alongside Circle with USDC, PayPal with PYUSD, and Fiserv with FIUSD. For Exodus, the stablecoin will serve as a core component of its upcoming payments product, Exodus Pay, which aims to make everyday crypto payments simple while preserving user self-custody.

Exodus Pay is designed to allow users to spend, send, and receive digital dollars directly within the Exodus app, without relying on centralized exchanges or navigating complex wallet settings. This could enable use cases such as international money transfers or everyday purchases like buying coffee, all powered by stablecoins but presented through a familiar, consumer-friendly interface.

Exodus co-founder and CEO JP Richardson emphasized that stablecoins are becoming one of the easiest ways for people to move dollars onchain, but noted that usability still lags behind traditional financial apps. The company believes its new stablecoin can bridge that gap by combining crypto-native features with a streamlined user experience.

MoonPay, which launched its enterprise stablecoin platform in November, described the Exodus partnership as an example of how branded, compliant stablecoins can be embedded into consumer-facing financial products at global scale. The Exodus stablecoin will be available through MoonPay’s worldwide network, including buy, sell, and swap tools, with rollout dependent on regulatory approval across different jurisdictions.

As stablecoin adoption continues to grow, Exodus’ entry into the market highlights the increasing convergence of traditional fintech, crypto wallets, and blockchain-based payments.