Exodus Partners With MoonPay to Launch USD-Backed Stablecoin in 2026

TLDR

• Exodus partnered with MoonPay to launch a USD-backed stablecoin in early 2026 for everyday payments
• The stablecoin will be issued and managed by MoonPay using M0 infrastructure platform
• Exodus Pay will integrate the stablecoin for self-custodial spending and sending through the Exodus wallet app
• Exodus joins public companies like Circle, PayPal, and Fiserv in backing stablecoin products
• Tether and Circle’s USDC dominate the stablecoin market with 85% combined market share

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Crypto wallet provider Exodus announced Tuesday it will launch a USD-backed stablecoin in partnership with fintech firm MoonPay. The token is expected to go live in January 2026.

MoonPay will issue and manage the new stablecoin. The company will use M0, a stablecoin infrastructure platform that allows companies to build and manage custom stablecoins.

The stablecoin has not been named yet. Network and product details will be announced later.

Exodus Pay Integration for Self-Custodial Payments

The new stablecoin will power Exodus Pay, an upcoming feature in the Exodus wallet app. Users will be able to spend and send digital dollars while maintaining self-custody of their funds.

The product aims to simplify crypto payments for everyday use. Users can send money internationally or make purchases without using centralized exchanges.

Users will earn rewards through the platform. The system is designed to avoid the complexity of typical crypto transactions.

The stablecoin will be accessible through MoonPay’s global network. This includes buy, sell, and swap tools built into the platform.

Public Companies Enter Stablecoin Market

Exodus joins a small group of public companies backing stablecoin products. Circle offers USDC, PayPal provides PYUSD, and Fiserv launched FIUSD.

MoonPay launched its enterprise stablecoin platform in November 2024. The company helps businesses create and manage digital dollars across multiple blockchains.

Luca Prosperi, co-founder and CEO of M0, said enterprises want stablecoins that are programmable and interoperable. Companies are looking for digital dollars tailored to specific product experiences.

The stablecoin market has grown this year following the GENIUS Act passage in July 2024. The law created a federal regulatory framework for fiat-backed stablecoins in the United States.

World Liberty Financial launched USD1 in March 2025. Stripe introduced stablecoin-based accounts in May 2025 to clients in over 100 countries. Tether announced USAT, a regulatory-compliant stablecoin, in September 2024.

Tether’s USDT remains the largest stablecoin with a 60% market share and $186 billion in circulation. Circle’s USDC holds second place with 25% market share and a $78 billion market cap.

These two companies control 85% of the total stablecoin market. The overall stablecoin market capitalization exceeds $310 billion, according to CoinGecko data.

The Exodus stablecoin rollout will depend on regulatory approval in various markets.

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