- Exodus and MoonPay introduce a seamless US dollar stablecoin solution.
- A new stablecoin simplifies digital payments, with full self-custody.
- Exodus partners with MoonPay to disrupt the growing stablecoin market.
Exodus, the popular digital asset platform known for its innovative crypto wallet, has partnered with MoonPay to launch a new US dollar-backed stablecoin. This game-changing stablecoin, set to debut in early 2026, promises to revolutionize the way consumers send and spend digital dollars.
MoonPay, a leader in crypto payments and fiat on-ramping, will manage the stablecoin’s issuance and ensure it is fully backed by reserves. The stablecoin will be built using M0, a platform that enables companies to develop, issue, and manage their own stablecoins.
Exodus plans to integrate the new stablecoin into its Exodus Pay platform, offering users a simple and secure way to handle transactions while maintaining full control over their assets.
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JP Richardson, co-founder and CEO of Exodus, highlighted that stablecoins are increasingly becoming the easiest way for people to manage and move dollars in the digital space. He noted, however, that the user experience still needs to meet the high standards set by other consumer apps, which is what their new solution aims to address.
Exodus and MoonPay Set to Disrupt the Stablecoin Market
The partnership between Exodus and MoonPay comes at a time when stablecoins are rapidly gaining traction. Following the GENIUS Act‘s passage in July, which established a clear federal framework for fiat-backed stablecoins, more companies are jumping into the space. MoonPay launched its enterprise stablecoin initiative in November, aiming to meet the demand for stablecoins that are programmable, interoperable, and customizable.
Despite the growing interest in stablecoins, the market remains dominated by two giants: Tether (USDT) and Circle’s USDC. Tether holds the lion’s share of the market, with around 60% of the total stablecoin supply, amounting to $186 billion. USDC follows with a 25% share, valued at $78 billion. Together, these two stablecoins account for a whopping 85% of the total stablecoin market, which has a combined value exceeding $310 billion.
Exodus and MoonPay’s new stablecoin will enter this competitive space with a focus on simplicity and ease of use, providing consumers with a seamless experience for digital dollar transactions.
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