Exodus and MoonPay Launch Dollar-Backed Stablecoin for Everyday Payments

Exodus Movement Inc., the company behind the popular self-custodial cryptocurrency wallet, has announced a partnership with MoonPay and stablecoin infrastructure provider M0 to introduce a fully reserved, USD-backed digital dollar stablecoin targeted at everyday payments.

Revealed on December 16, 2025, the yet-to-be-named stablecoin will be issued and managed by MoonPay, leveraging M0’s open platform for custom, programmable stablecoins. It is scheduled for launch in early 2026, with details on supported networks, availability, and integrations to follow, subject to regulatory approvals.

The asset is designed to power **Exodus Pay**, a forthcoming feature in the Exodus app allowing users to send, spend, earn rewards, and hold digital dollars while maintaining full self-custody—without requiring deep cryptocurrency knowledge. Users could seamlessly handle tasks like international transfers or daily purchases directly within the wallet.

Exodus CEO JP Richardson emphasized that stablecoins are becoming the easiest way to move dollars on-chain, but user experiences must match modern consumer apps. MoonPay CEO Ivan Soto-Wright highlighted the partnership’s potential for global-scale compliant issuance.

This move aligns with a surge in stablecoin activity following the GENIUS Act’s passage earlier in 2025, which provided a federal framework for fiat-backed tokens. MoonPay expanded its enterprise stablecoin business in November, positioning it to issue branded digital dollars.

Analysts see the collaboration as part of a broader trend toward application-specific stablecoins, enhancing liquidity and real-world utility while prioritizing compliance and user-friendliness in an increasingly competitive market dominated by giants like USDT and USDC.