Exodus Wallet to launch USD stablecoin with MoonPay and MO

Exodus Wallet is preparing to roll out its own dollar-backed stablecoin as it moves deeper into payments and everyday financial use inside its self-custodial app.

Exodus is preparing a USD-backed stablecoin with MoonPay and M0, targeting everyday payments and self-custody inside its Exodus Pay app 

The plan was announced on Dec. 16, in a joint press release from Exodus, MoonPay, and stablecoin infrastructure provider M0.

Stablecoin tied to Exodus Pay rollout

The stablecoin will be fully reserved with U.S. dollar deposits and issued and managed by MoonPay. M0 will provide the infrastructure supporting the stablecoin, which is being built for use inside the Exodus app rather than for broad circulation as a trading asset.

The token is expected to underpin Exodus Pay at launch, a payments feature that allows users to hold, send, and spend dollar-denominated balances while keeping custody of their funds. The flow is designed to work within the wallet itself, without routing users through external exchanges.

Exodus Wallet is not presenting the stablecoin as a separate product. Instead, it is being integrated into the app’s payments layer, covering transfers between users and everyday spending use cases.

MoonPay will oversee issuance and reserve management and distribute the stablecoin through its existing network, including buy, sell, swap, deposit, and checkout services. That gives Exodus access to an existing payments and merchant layer from day one, rather than having to build its own.

MoonPay expands enterprise stablecoin issuance

The partnership builds on MoonPay’s enterprise stablecoin business, launched in November 2025, which focuses on issuing branded digital dollars for consumer apps. By integrating M0’s open infrastructure, MoonPay can support programmable stablecoins designed for specific product environments.

For Exodus, the move places it in a growing group of consumer-facing companies that have launched or are planning their own dollar tokens. Unlike exchange-issued stablecoins, the Exodus asset is framed as a utility tool, tied directly to payments rather than liquidity or trading activity.

The companies said further details, including supported blockchains, network availability, and the token’s name, will be shared closer to launch. The stablecoin is expected to go live in early 2026, with access subject to regulatory approvals. Exodus has already opened a waitlist for early users.

The demand for quicker dollar settlement outside of traditional banking rails has led to a sharp increase in stablecoin usage in 2025, with the sector’s total value now surpassing $300 billion.