Exodus, Moonpay To Roll Out Stablecoin In Early 2026, Joining Gold...

Exodus partnered with MoonPay to launch a USD-backed stablecoin for everyday payments, integrating it into Exodus Pay for self-custodial transactions.

Digital asset platform Exodus has partnered with MoonPay to launch a US dollar-backed stablecoin for everyday payments.

The Exodus Movement, which is also behind a popular crypto wallet, announced on Tuesday that its fully reserved dollar stablecoin is planned for launch in early 2026. The stablecoin will be issued and managed by MoonPay, a leading crypto payments platform and fiat on-ramp.

The stablecoin will be developed using M0, a stablecoin infrastructure platform that allows companies to build, issue and manage their own custom stablecoins.

The new stablecoin, which has not been named, aims to simplify digital dollar transactions for consumers without requiring crypto knowledge. It will integrate into Exodus Pay, allowing users to spend and send money while maintaining self-custody.

“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, co-founder and CEO of Exodus.

MoonPay launched its enterprise stablecoin business in November to issue and manage digital dollars across multiple blockchains while integrating with M0’s open infrastructure.

“Enterprises want stablecoins that are programmable, interoperable and tailored to a specific product experience,” said Luca Prosperi, co-founder and CEO of M0.

Related: US banks could soon issue stablecoins under FDIC plan to implement GENIUS Act

Banks and crypto firms have rushed to offer their own stablecoins this year, spurred by the passage of the GENIUS Act in July, which introduced a clear federal regulatory framework for fiat-backed stablecoins in the United States.

Source: CoinTelegraph