Exodus Movement, Inc., a publicly listed self-custodial digital asset platform, has announced plans to launch its own USD-backed stablecoin in partnership with MoonPay, marking a significant expansion of its push into everyday digital dollar payments.
The upcoming stablecoin will be built using M0’s open stablecoin infrastructure and issued and managed by MoonPay. According to the companies, the asset will be fully reserved and backed by U.S. dollars, aiming to deliver a consumer-friendly digital dollar experience across the Exodus ecosystem.
Exodus said the launch will underpin its new Exodus Pay feature, an upcoming payments experience within the Exodus app. Exodus Pay is designed to allow users to spend, send, and earn rewards with stablecoins while maintaining full self-custody, without requiring deep knowledge of cryptocurrencies. The company positions the feature as a bridge between traditional payment expectations and on-chain finance.
“Stablecoins are quickly becoming the simplest way for people to hold and move dollars on-chain,” said JP Richardson, CEO and co-founder of Exodus. He added that the goal is to match the ease and reliability users expect from modern consumer apps while enabling global, crypto-native payments.
The stablecoin will also be distributed through MoonPay’s global network, supporting buying, selling, swapping, deposits, and checkout services. This broad distribution is designed to provide the digital dollar with real-world utility for users, partner applications, and merchants worldwide.
MoonPay CEO Ivan Soto-Wright said the partnership reflects growing demand for practical digital dollar solutions, noting that compliant issuance combined with global infrastructure is key to scaling stablecoin use beyond niche crypto audiences.
The asset will be developed on M0’s open platform, which allows enterprises to launch application-specific stablecoins that are programmable and interoperable across networks. M0 CEO Luca Prosperi said such flexibility is increasingly important for companies building tailored payment experiences.
MoonPay entered the enterprise stablecoin market in November 2025, focusing on issuing and managing fully reserved digital dollars across multiple blockchains. Further details, including supported networks and availability, are expected closer to the stablecoin’s planned launch in early 2026, subject to regulatory approvals.