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 subject and handle the stablecoin, with help from stablecoin infrastructure supplier M0. The token is predicted to go dwell in January 2026, with community and product particulars to observe.
The transfer locations Exodus amongst a small group of public firms 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 of 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 best means for individuals 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 as we speak’s shopper apps.”
In follow, this might appear like a consumer sending cash internationally or shopping for espresso utilizing a stablecoin contained in the Exodus app, without having to the touch a centralized trade or handle advanced 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 potential when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that may function at international scale,” mentioned MoonPay CEO Ivan Soto-Wright.
The Exodus stablecoin shall be accessible via MoonPay’s international community, together with its purchase, promote, and swap instruments. Rollout will depend upon regulatory approval in numerous markets.
