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 concern 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 comply with.
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 to spend and ship the digital greenback by way of the Exodus app whereas incomes rewards and avoiding the complexity of typical crypto transactions.
“Stablecoins are shortly changing into the best manner for individuals to carry and transfer {dollars} onchain,” mentioned JP Richardson, co-founder and CEO at Exodus. “However the expertise nonetheless wants to satisfy the expectations set by right now’s client apps.”
In apply, this might appear to be a person 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 world scale,” mentioned MoonPay CEO Ivan Soto-Wright.
The Exodus stablecoin can be accessible by way of MoonPay’s world community, together with its purchase, promote, and swap instruments. Rollout will rely on regulatory approval in numerous markets.