Exodus, MoonPay, M0 to Launch USD-Backed Stablecoin, Fueling Crypto Payments Growth

Exodus, MoonPay, and M0 announced plans to launch a U.S. dollar-backed stablecoin in early 2026. The stablecoin, developed with M0's infrastructure and issued by MoonPay, will power Exodus Pay, a new feature in the Exodus app. This initiative aims to streamline everyday digital payments for users while maintaining self-custody.

The collaboration positions Exodus among a growing list of firms expanding the use of stablecoins beyond trading into consumer payments.

The stablecoin will be fully reserved, one-to-one backed by U.S. dollar deposits, and accessible via MoonPay's global network.

Exodus CEO JP Richardson emphasized that the goal is to create a seamless, user-friendly experience that mirrors modern finance apps. "This launch will bring a digital dollar experience to Exodus to make spending and sending money around the world simple," he said according to reports.

The Role of M0 and MoonPay in the Stablecoin Ecosystem

M0's infrastructure will enable the rapid deployment of application-specific stablecoins, ensuring flexibility and interoperability across networks. MoonPay will handle issuance and management, leveraging its recently launched enterprise stablecoin platform. This integration highlights the potential of compliant digital dollar issuance operating at scale.

MoonPay CEO Ivan Soto-Wright noted that the partnership demonstrates how stablecoin technology can be embedded into consumer-facing financial tools. "Exodus is building toward a world where digital dollars are a practical part of how people move money," he said according to reports.

M0 CEO Luca Prosperi added that the collaboration aligns with the rising demand for programmable, interoperable stablecoins tailored for specific applications. The company's infrastructure allows partners to scale rapidly while maintaining compliance and control.

Regulatory Momentum and Stablecoin Market Growth

The stablecoin launch comes amid heightened regulatory clarity and global interest in fiat-backed stablecoins. The passage of the GENIUS Act in the U.S. introduced a federal framework for these assets, encouraging broader adoption by banks and fintech companies. Other jurisdictions have followed with similar initiatives, creating a more favorable environment for innovation.

The market for stablecoins is expanding rapidly, with global volume reaching $228 billion as of early 2025. Despite this growth, Tether's USDT and Circle's USDC dominate with over 85% of the market share. However, the demand for self-custody and application-specific stablecoins is opening new opportunities for niche players like Exodus according to market analysis.

Broader Implications for the Crypto Payments Landscape

Exodus's move aligns with its broader strategy to build an end-to-end payments stack. The company recently acquired W3C Corp and its subsidiaries Baanx and Monavate for $175 million, signaling its intent to expand into cards and spending tools.

The partnership with MoonPay and M0 represents a step toward mainstream adoption of stablecoins in daily financial activities. By enabling users to send, spend, and earn rewards through the Exodus app, the project could reduce reliance on traditional banking systems and centralized exchanges.

Regulators, too, are taking note. The U.S. government's endorsement of stablecoins, particularly for strengthening the dollar's global dominance, has spurred a wave of innovation. Visa and Sony Bank are among the traditional players rushing to integrate stablecoin solutions into their offerings.

What This Means for Investors

For investors, the Exodus-MoonPay-M0 collaboration highlights the growing importance of stablecoins in the crypto and fintech sectors. The market is attracting significant capital, with RedotPay recently raising $107 million in a Series B round led by Goodwater Capital. This funding supports global expansion and the development of stablecoin-based payment tools.

Startups focused on stablecoin infrastructure are also seeing strong backing. M0 and Rain have raised tens of millions in 2025, reflecting investor confidence in the sector's potential. As regulatory frameworks mature and demand for real-time, low-cost transactions grows, stablecoins could become a cornerstone of global finance according to market forecasts.

Exodus's stablecoin, while still months from launch, could further accelerate this trend. By prioritizing self-custody and consumer simplicity, it may appeal to a broader audience wary of traditional crypto complexities according to industry analysis.