Exodus announced it will launch a new stablecoin, a fully reserved, USD-backed digital dollar designed to power payments and commerce within its ecosystem. The stablecoin will be issued and managed by payments firm MoonPay, leveraging M0’s open stablecoin infrastructure.

The fully reserved, U.S. dollar-backed asset promises to simplify payments, transfers, and rewards within the Exodus app, making crypto accessible without the usual complexities.

The partnership leverages MoonPay's expertise in issuing and managing stablecoins, built on M0's open infrastructure for customizable digital currencies. Set to launch in early 2026, the stablecoin will integrate with Exodus Pay, a forthcoming feature allowing users to spend and send money globally while retaining self-custody of their funds. This initiative underscores the growing role of stablecoins in consumer finance, offering the stability of the U.S. dollar with the efficiency of blockchain technology.

"Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain, but the experience still needs to meet the expectations set by today’s consumer apps," said JP Richardson, CEO and co-founder of Exodus. "This launch will bring a digital dollar experience to Exodus to make spending and sending money around the world simple, starting with next-gen payments experiences like Exodus Pay."

The digital dollar will be accessible through MoonPay's extensive network, including options to buy, sell, swap, deposit, and use it in checkout processes. This broad distribution is expected to benefit users, developers, and merchants by providing reliable, scalable tools for real-world transactions.

"Exodus is building toward a world where digital dollars are a practical part of how people move money," added Ivan Soto-Wright, CEO and co-founder of MoonPay. "This launch shows what’s possible when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that can operate at global scale."

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