Exodus stablecoin strategy advances with MoonPay and M0 ahead of 2026 launch

In a move aimed at real-world crypto payments, Exodus stablecoin will anchor a new wallet-native dollar system directly inside the self-custody app.

Exodus teams up with MoonPay and M0 for wallet-native dollar token

On Dec. 16, Exodus announced a plan to launch a U.S. dollar-backed stablecoin through a joint statement with MoonPay and infrastructure provider M0. The token will support everyday payments inside the Exodus Wallet rather than speculative trading, signaling a push toward practical digital dollar use.

Under the design, the upcoming asset will be a stablecoin backed by USD deposits held on a fully reserved basis. However, unlike exchange-issued tokens, it will be embedded directly into Exodus’ self-sovereign wallet environment, allowing users to retain control of their private keys at all times.

Fully reserved model and in-app payment design

The stablecoin will be fully backed by U.S. dollar deposits, with MoonPay responsible for issuing and managing the asset while overseeing reserves. Moreover, M0 will supply the underlying infrastructure that powers the token, including controls for how it is used inside the app at launch.

The asset is designed primarily for wallet based payments inside the Exodus application, not for open market trading or exchange liquidity. That said, users will be able to hold, send, and spend dollar balances directly within the wallet, keeping self-custody throughout each transaction without routing funds through external trading venues.

This architecture aims to simplify digital dollar transfers for everyday use. Furthermore, it seeks to preserve user control by ensuring that payments remain on-chain within the Exodus environment, while the stablecoin infrastructure is handled by MoonPay and M0 in the background.

Exodus Pay integration and distribution network

Exodus is not positioning the token as a standalone product. Instead, it will sit at the core of the companys payments layer as part of an exodus pay integration. The stablecoin will underpin Exodus Pay, the in-app feature that enables peer-to-peer transfers and everyday spending use cases.

MoonPay will distribute the asset through its existing network, which already supports buy, sell, swap, deposit, and checkout services. As a result, Exodus can tap a ready-made merchant and payments infrastructure rather than building a separate distribution stack from scratch.

The project leverages M0‘s open, programmable infrastructure, which is designed for application-specific programmable stablecoin infrastructure. This allows the asset to be tailored closely to Exodus Pay’s design goals, including controlled in-app usage at launch and potential future feature upgrades.

Launch timeline and regulatory approvals

The companies plan to implement the stablecoin in early 2026, subject to regulatory approval in relevant jurisdictions. Moreover, Exodus has made clear that the token is aimed at global users, although access will depend on local rules and licensing outcomes closer to launch.

Until then, network availability details, including the supported blockchains, will be announced at a later stage. However, Exodus has already opened a waitlist for early users who want to test wallet-based dollar payments once the product goes live.

For now, the initiative remains focused on building compliant rails and a robust operating model, with MoonPay handling issuance and reserves and M0 supplying the technical backbone for in-app circulation.

Positioning in an expanding stablecoin market

The move places Exodus among a growing group of consumer-facing companies creating branded dollar tokens for payments. Unlike many exchange-issued coins that prioritize market liquidity, this usd backed stablecoin is designed as a utility asset centered on everyday spending and peer-to-peer transfers.

The firms have not revealed the token’s official name or the specific networks it will support. That said, the announcement comes as the stablecoin sector has expanded rapidly in 2025, with total market value now exceeding $300 billion. Demand is rising for faster dollar settlement beyond traditional banking channels.

Against this backdrop, Exodus aims to position its wallet as a simple entry point for using digital dollars in daily life. Moreover, its branded asset is expected to operate primarily inside the application, which may differentiate it from tokens that circulate broadly on public exchanges.

Broader payments strategy and industry context

The stablecoin initiative fits into Exodus’s wider payments strategy as the company builds an end-to-end stack. Recently, Exodus agreed to acquire W3C Corp and its subsidiaries Baanx and Monavate in a $175 million transaction. The deal targets a unified system combining wallets, cards, and transaction services.

Across the industry, regulatory progress around dollar-based stablecoins has increased institutional interest. U.S. policy developments have encouraged similar frameworks overseas. Consequently, major financial and technology firms are now pursuing their own digital dollar projects.

For example, Visa and Sony Bank have announced stablecoin initiatives, with Visa expanding its stablecoin settlement in CEMEA to lower costs and accelerate cross-border payments. Meanwhile, Redotpay, based in Hong Kong, has raised $107 million to develop stablecoin-based payment solutions.

Moreover, Hong Kong’s OSL Group recently launched USDGO, a U.S. dollar-backed stablecoin, in partnership with Anchorage Digital. In this context, the Exodus Wallet is being positioned as an accessible gateway to using digital dollars in practice, rather than solely as a trading venue.

Outlook for Exodus dollar payments

Looking ahead, the planned Exodus stablecoin, issued by MoonPay and powered by M0, could give the wallet a payments-focused edge if regulators approve the 2026 rollout. By tying fully reserved dollars to a self-custody app and embedding them into Exodus Pay, the company aims to translate stablecoin innovation into everyday, controllable transactions for users worldwide.