Exodus joins the stablecoin race with the backing of MoonPay. Photo: Exodus
Exodus (EXOD) , a publicly listed cryptocurrency wallet company in the US, has announced plans to issue a fully backed, USD- Peg stablecoin through partnerships with MoonPay and M0 . This move places Exodus among the rare group of publicly traded companies that own their own stablecoin.
BREAKING: the @exodus stablecoin is coming
— MoonPay 🟣 (@moonpay)December 16, 2025
issued and managed by MoonPay, in partnership with @m0 pic.twitter.com/ZMiKggzDQ8
According to the announcement, MoonPay will be the issuer and manager of Exodus's stablecoin, while M0 will provide the technical infrastructure. The Token is expected to launch in January 2026. Details about the blockchain used and product structure will be announced in the near future. Exodus has also opened a waiting list for early registration.
The new stablecoin is a core component of Exodus Pay , the payment product Exodus is developing to bring crypto into everyday transactions while maintaining a self-governing asset model. Through the Exodus app, users can send, spend, and pay with "digital dollars," and receive rewards, without going through centralized exchanges or complex technical procedures.
“Stablecoins are becoming the simplest and most efficient way to hold and transfer USD on the blockchain,” said JP Richardson, co-founder and CEO of Exodus. “The remaining issue lies in the user experience, which has yet to catch up with the standards of current financial applications.”
According to Exodus's vision, users can transfer money internationally, Chia bills, or pay for small expenses directly within the app, without needing in-depth knowledge of blockchain or managing multiple layers of wallets and private keys.
For MoonPay , the agreement with Exodus is the next step in its strategy to expand its stablecoin issuance for businesses. The fintech company recently launched a stablecoin platform for institutional clients in November, leveraging its existing global payment licensing and infrastructure.
Exodus' stablecoin will be distributed through MoonPay's global network, which includes buy, sell, and swap tools. However, deployment in individual countries will depend on local regulatory approval processes.
Besides Exodus, the stablecoin race now includes (or is XEM issuing) many major fintech companies and financial institutions such as: Circle with USDC , PayPal with PYUSD , Fiserv with FIUSD, MetaMask with mUSD , Polymarket is considering its own stablecoin,Bank of America plans to issue a stablecoin, Walmart and Amazon have also reportedly XEM their own stablecoins, along with payment platforms like Visa and Mastercard supporting stablecoin payments on their networks; meanwhile, Tether (USDT) still maintains its dominant Vai in liquidation and volume.
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