Exodus, MoonPay Plan Dollar Stablecoin for Exodus Pay

• Exodus is launching a USD-backed stablecoin with MoonPay to power everyday payments inside its self-custodial wallet.
• The stablecoin will underpin Exodus Pay, aiming to simplify global digital dollar use without crypto complexity.
• The move aligns with post-GENIUS Act momentum as firms race to build compliant stablecoin payment stacks.

Exodus Movement has announced plans to introduce a fully reserved, U.S. dollar-backed stablecoin through a partnership with payments firm MoonPay, deepening the companys push into digital payments inside its self-custodial wallet ecosystem.

The stablecoin will be issued and managed by MoonPay and built using M0s open stablecoin infrastructure. Exodus said the asset will support digital dollar use cases across Exodus products while keeping user self-custody. Exodus expects more details, including supported blockchains and rollout specifics, closer to the planned launch in early 2026, subject to regulatory requirements.

Exodus Pay Feature Uses a Dedicated Dollar Stablecoin

The planned digital dollar is intended to back Exodus Pay, an upcoming feature within the Exodus application focused on everyday payments. Exodus Pay is designed to enable users to spend and send funds using stablecoins, earn rewards, and retain control of assets without requiring in-depth knowledge of cryptocurrency mechanics.

By integrating a specific dollar-backed stablecoin into Exodus Pay, Exodus aims to offer payment functionality that mirrors familiar consumer finance tools while operating on blockchain infrastructure. Exodus said the stablecoin should enable faster transactions and broader global usability within its payment framework.

MoonPay Handles Issuance and Distribution Across Its Network

MoonPay will make the stablecoin available across its distribution network, including buy, sell, swap, deposit, and checkout services. MoonPay said the distribution layer is designed to extend access to users, partner applications, and merchants across multiple markets.

MoonPay launched its enterprise stablecoin business in November 2025 and positioned the business to issue and manage fully reserved digital dollars across several blockchains. MoonPay said it integrated with M0 to support application-specific stablecoins for partners.

GENIUS Act Rules Reshape the Stablecoin Payments Race

The announcement lands as the United States stablecoin sector speeds up after the GENIUS Act became law on July 18, 2025, creating a federal framework for payment stablecoins.

Stablecoin activity has also drawn attention from established financial and technology firms such as Visa and Sony Bank. In parallel, Hong Kong-based fintech RedotPay announced a $107 million Series B funding round to expand its stablecoin payment platform.

Separately, Exodus recently agreed to acquire W3C Corp and its subsidiaries, Baanx and Monavate, for $175 million. The company stated that the acquisition is intended to support the development of an end-to-end payments stack that includes wallets and card-based services.