Self-custody wallet provider Exodus Movement has announced plans to launch a U.S. dollar-backed stablecoin in partnership with crypto payments firm MoonPay and stablecoin infrastructure platform M0.
The fully reserved digital dollar is scheduled to go live in early 2026 and is designed to support everyday payments across the Exodus ecosystem. According to the announcement, the stablecoin will be developed using M0’s open infrastructure, while MoonPay will handle issuance and management.
The asset will be backed one-to-one by U.S. dollar deposits and distributed through MoonPay’s global network, including buy, sell, swap, deposit, and checkout services.
The move places Exodus among a growing list of crypto and fintech firms seeking to expand the use of stablecoins beyond trading and into consumer payments.
Focus on everyday payments and self-custody
The upcoming stablecoin will also integrate with Exodus Pay, a forthcoming feature within the Exodus app aimed at enabling users to spend, send, and manage money using stablecoins while maintaining self-custody.
Exodus said the goal is to create a payment experience that works like modern consumer finance apps, without requiring users to understand how cryptocurrencies function under the hood.
“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,” said JP Richardson, Co-Founder and CEO of Exodus. “This launch will bring a digital dollar experience to Exodus to make spending and sending money around the world simple.”
MoonPay Co-Founder CEO Ivan Soto-Wright said the partnership demonstrates how compliant stablecoin issuance can be combined with global distribution to support real-world use cases, while M0 CEO and Co-Founder Luca Prosperi highlighted growing demand for application-specific stablecoins that are programmable and interoperable.
The growth of the stablecoin sector
The announcement comes amid heightened momentum in the stablecoin sector. In 2025, the U.S. President Donald Trump publicly supported the use of stablecoins as a way to enhance the position of the dollar in the world.
Trump also signed the GENIUS Act into law, that introduced a more detailed federal framework of fiat-backed stablecoins in the United States.
Other jurisdictions have since come up with similar regulatory efforts. As a result, banks, payment firms, and crypto companies have accelerated their stablecoin strategies.
Stripe has launched stablecoin-based accounts in more than 100 countries, and World Liberty Financial, a Trump-linked DeFi platform, has launched the USD1 stablecoin. Tether also launched a regulated stablecoin, USAT, based on the U.S. dollar on rumble platform.
Stripe has launched stablecoin-based accounts in over 100 countries, while World Liberty Financial, a Trump-linked DeFi platform, introduced the USD₁ stablecoin. Tether also launched a regulated U.S. dollar-backed stablecoin, USAT, on the Rumble platform
Despite this activity, the market remains heavily concentrated. The USDT and the USDC of Tether and Circle respectively make up approximately 85% of the total market of stablecoins globally, as per CoinGecko data.
Broader strategy and industry impact
For Exodus, the stablecoin launch aligns with its broader push into payments infrastructure. The company recently agreed to acquire W3C Corp and its subsidiaries Baanx and Monavate for $175 million, a deal aimed at building an end-to-end payments stack spanning wallets, cards, and spending tools.
Although Exodus is yet to announce the blockchains that the stablecoin will be supported on and where it will be offered, the firm indicated that additional information will be provided as it approaches launch, pending regulatory approvals.
Should it succeed, the program may represent another advancement in the incorporation of stablecoins into the daily financial life of people, outside of their use in crypto markets.
Also Read: StraitsX To Launch XSGD and XUSD Stablecoins on Solana in 2026
