Exodus, the crypto wallet provider, is stepping into the stablecoin arena with a fully reserved, USD-backed token produced in partnership with fintech MoonPay. The new digital dollar — expected to launch in January 2026 — will be issued and managed by MoonPay with infrastructure support from stablecoin specialist M0. Further technical and network details are due closer to launch. The move positions Exodus among a small group of publicly traded companies backing stablecoins, joining the ranks of Circle (USDC), PayPal (PYUSD) and Fiserv (FIUSD). But Exodus is framing its token as more than another dollar-pegged token: it’s the payment rail for Exodus Pay, a forthcoming feature designed to let users make everyday payments and transfers while retaining self-custody. “Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain,” said JP Richardson, Exodus co-founder and CEO. “But the experience still needs to meet the expectations set by today’s consumer apps.” In practice, Exodus Pay aims to let users send money internationally or buy coffee with the digital dollar inside the Exodus app — no centralized exchange, no fiddly wallet settings — plus rewards for using the token. MoonPay, which launched its enterprise stablecoin platform in November, called the partnership an example of how branded digital dollars can be embedded into consumer-facing finance products. “This launch shows what’s possible when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that can operate at global scale,” said MoonPay CEO Ivan Soto-Wright. The Exodus stablecoin will be reachable through MoonPay’s global network, including its buy, sell and swap tools. Its rollout, however, will depend on regulatory approvals across jurisdictions. Network specifics and additional product details will be announced ahead of the planned January 2026 go-live. Read more AI-generated news on: undefined/news

#BTC #USDC