Cryptocurrency company Exodus Movement Inc officially enters the stablecoin market. The company recently announced a partnership with global crypto payment and fintech platform MoonPay to jointly launch a USD-backed stablecoin, serving as the infrastructure for Exodus' self-custody payment services.
The stablecoin is issued by MoonPay, with infrastructure provider M0 supplying the technology.
This stablecoin is expected to officially launch in January 2026, with MoonPay responsible for issuance and daily management, while stablecoin infrastructure provider M0 provides underlying technical support. Relevant blockchain network selection, product features, and usage details will be gradually announced in the future.
The stablecoin supports Exodus Pay, which focuses on international remittances and self-custody of assets.
Exodus (NYSE: EXOD) was founded in 2015 and is a developer of crypto wallets focused on self-custody, providing desktop and mobile applications that allow users to manage, exchange, and hold digital assets without relying on third-party platforms. Exodus went public in 2021 as a US public company, emphasizing user asset ownership, privacy, and decentralized financial experiences, and currently supports hundreds of crypto assets and multiple mainstream blockchains.
The core purpose of launching the stablecoin is to support the upcoming new feature, Exodus Pay. Exodus Pay emphasizes a ‘daily usable crypto payment experience’, allowing users to spend, transfer, and receive digital dollars directly within the Exodus wallet without needing to first transfer assets to a centralized exchange, nor facing complex wallet setups and on-chain operation processes. The official stated that users will be able to use this feature for international remittances, small payments, and even daily purchases like buying coffee, while maintaining complete control over their assets.
Exodus co-founder and CEO JP Richardson stated that stablecoins are rapidly becoming the easiest way for people to hold and transfer US dollars on-chain. However, most products still have not met mainstream consumer expectations for financial applications. He pointed out that Exodus's goal is to combine the convenience of stablecoins with intuitive, secure, user-centered product design, lowering the barrier for the average person to enter the world of crypto payments.
With this release, Exodus has joined the ranks of a few publicly traded companies that have launched their own stablecoin products. In recent years, Circle launched USDC, PayPal issued PYUSD, and Fiserv introduced FIUSD, indicating that stablecoins have gradually become important tools for large financial and technology companies in the digital payment space.
MoonPay launched its enterprise-grade stablecoin issuance platform in November last year, focusing on compliance, scalability, and global deployment. MoonPay CEO Ivan Soto Wright stated that the collaboration with Exodus proves that branded digital dollars can be successfully integrated into consumer-facing financial products, achieving scalable applications through global infrastructure under legal and regulatory conditions.
In the future, the Exodus stablecoin will be traded and circulated through MoonPay's global network, covering functions such as buying, selling, and exchanging. However, the actual promotion schedule and available markets will still depend on the approval of regulatory agencies in various countries and regions.
This article is authorized for reprint from: (Chain News)
Original title: (Public Company Exodus Teams Up with MoonPay to Launch US Dollar Stablecoin, Challenging USDC and PYUSD Market Share)
Original author: DW
‘Crypto company Exodus teams up with MoonPay! Launching a US dollar stablecoin to challenge USDC and PYUSD’ was first published in ‘Crypto City’
