Exodus to Launch MoonPay-Backed USD Stablecoin in 2026
Exodus plans to launch a fully reserved USD-backed stablecoin in partnership with MoonPay, aimed at powering self-custodial payments within its wallet app. The stablecoin, issued and managed by MoonPay with support from stablecoin infrastructure provider M0, is slated to go live in January 2026, pending regulatory approvals.
This digital dollar will underpin Exodus Pay, a new feature allowing users to spend and send stablecoins directly within the Exodus app without relying on centralized exchanges. The stablecoin will also be accessible through MoonPay's existing network, including its buy, sell, and swap tools, with rollout across various markets contingent on regulatory clearance.
Exodus thus joins a select group of public companies backing stablecoins, alongside Circle's USDC, PayPal's PYUSD, and Fiserv's FIUSD. Exodus CEO JP Richardson emphasized that while stablecoins can simplify holding and moving dollars on-chain, the user experience must meet the standards of consumer applications. Meanwhile, MoonPay highlighted the potential of branded digital dollars to be embedded into consumer-facing financial tools at global scale.
