Hot Topic: Self-custodial digital asset platform Exodus Movement, Inc. (NYSE American: EXOD) today announced a strategic partnership with FinTech giant MoonPay to launch a fully reserved, USD-backed digital stablecoin. This move places Exodus among the stablecoin issuers, aiming to bridge the gap between traditional finance and decentralized self-custody through next-generation payment experiences.
I. Strategic Partnership and Core Technical Architecture
Exodus's new digital stablecoin will be issued and managed by MoonPay, utilizing M0's open stablecoin infrastructure for development. This collaborative model leverages the core strengths of the three parties:
-
Issuance and Management (MoonPay): With its broad regulatory footprint and global distribution network spanning over 180 countries, MoonPay ensures the stablecoin's compliance and global accessibility. MoonPay initiated its enterprise stablecoin business in November 2025, providing a solid foundation for this partnership.
-
Infrastructure (M0): Leveraging M0's open stablecoin infrastructure provides the application-specific digital dollar with programmability and interoperability, while maintaining strong controls and flexibility for future expansion across different networks and integrations.
-
Platform (Exodus): Exodus contributes its user-friendly, self-custodial wallet ecosystem, guaranteeing users retain full control over their funds.
II. Exodus Pay: The Foundation for Next-Gen Payment Experiences
This digital stablecoin is central to Exodus Pay, the company's upcoming everyday payment experience. Exodus Pay aims to allow consumers to use stablecoins for daily spending, sending money, and earning rewards, all while adhering to the principle of self-custody, without requiring users to navigate the complexities of typical cryptocurrency transactions.
JP Richardson, CEO and Co-Founder of Exodus, noted, “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.” The launch of this digital dollar directly addresses this pain point, aiming to make global money movement and payments as simple, fast, and reliable as using a traditional consumer application.
For instance, users will be able to send money internationally or buy coffee using the stablecoin inside the Exodus app, eliminating the need to interact with a centralized exchange or manage complex wallet settings.
III. Competitive Landscape and Market Impact
This move positions Exodus among the small group of public companies involved in stablecoin products, alongside industry leaders such as Circle (USDC), PayPal (PYUSD), and Fiserv (FIUSD).
-
Consumer-Centric Innovation: MoonPay CEO Ivan Soto-Wright highlighted that the partnership demonstrates how branded digital dollars can be seamlessly embedded into consumer-facing financial tools. This indicates that stablecoins are evolving beyond being merely tools for crypto traders and are transitioning into mainstream, consumer-experience-focused financial applications.
-
Global Utility: The stablecoin will be distributed through MoonPay's global network, including buy, sell, swap, deposit, and checkout experiences, providing extensive real-world utility for users, partner applications, and merchants.
Outlook: The Mainstreaming of Stablecoins
The digital dollar is expected to launch in early 2026, with specific details on supported networks and product integrations to be shared closer to the release date. Availability will be subject to applicable regulatory considerations.
Exodus's goal is to build a world where digital dollars are a practical part of how people move money. This partnership is a key step in realizing that vision, signaling an acceleration of the mainstreaming of stablecoins in the global payments landscape.