Exodus and MoonPay Team Up for New Stablecoin Venture
Exodus, a well-known crypto wallet service, is venturing 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.
A Significant Partnership
This collaboration is notable as it places Exodus in a select group of public companies offering stablecoin products. Others in this category include:
- Circle with USDC
- PayPal with PYUSD
- Fiserv with FIUSD
The Exodus stablecoin will be a key component of their upcoming product, Exodus Pay. This service aims to simplify everyday payments in crypto, allowing users to spend and send digital dollars without relinquishing control of their funds.
The Vision Behind the Stablecoin
According to JP Richardson, co-founder and CEO of Exodus, stablecoins are becoming the preferred method for holding and moving dollars on the blockchain. However, he believes the user experience still needs to align with the standards set by today's consumer apps. This means making transactions as straightforward as sending money internationally or buying a coffee using a stablecoin within the Exodus app, without needing to interact with centralized exchanges or complex wallet settings.
MoonPay's Role
MoonPay, which launched its enterprise stablecoin platform last November, views this deal as an opportunity to integrate branded digital dollars into consumer financial tools. Ivan Soto-Wright, CEO of MoonPay, emphasized that this launch showcases the potential of combining compliant stablecoin issuance with infrastructure capable of global operation.
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.
