Exodus and MoonPay Team Up for New Stablecoin Venture

Exodus, a well-known crypto wallet service, is stepping into the stablecoin arena. They are collaborating with MoonPay, a fintech company, to create a stablecoin backed by the US dollar. This new digital currency is expected to launch in early 2026, though specific details about the network and product are still under wraps. This partnership is significant because it puts Exodus in a select group of public companies offering stablecoin products. Others in this category include Circle with USDC, PayPal with PYUSD, and Fiserv with FIUSD. The Exodus stablecoin will be a key part of their upcoming product, Exodus Pay. This service aims to make everyday payments in crypto easier, allowing users to spend and send digital dollars without giving up control of their funds.According to JP Richardson, co-founder and CEO of Exodus, stablecoins are becoming the go-to way for people to hold and move dollars on the blockchain. However, he believes the user experience still needs to match the standards set by today's consumer apps. This means making transactions as simple as sending money internationally or buying a coffee using a stablecoin within the Exodus app, without needing to deal with centralized exchanges or complex wallet settings. MoonPay, which launched its enterprise stablecoin platform last November, sees this deal as a way to integrate branded digital dollars into consumer financial tools. Ivan Soto-Wright, CEO of MoonPay, highlighted that this launch demonstrates the potential of combining compliant stablecoin issuance with infrastructure that can operate globally. The Exodus stablecoin will be available through MoonPay's global network, including its buy, sell, and swap tools. However, the rollout will depend on regulatory approval in various markets.