In a significant development for the cryptocurrency market, Exodus, a leading crypto wallet provider, has partnered with fintech giant MoonPay to introduce a USD-backed stablecoin, slated for launch in early 2026. This new digital asset aims to streamline everyday payments and enhance user experience in the realm of cryptocurrency.
The yet-to-be-named stablecoin is set to go live in January 2026 and will be issued and managed by MoonPay. The company will utilize its M0 infrastructure platform, designed for custom stablecoin creation and management, positioning Exodus to leverage robust technology for its stablecoin solution.
Exodus Pay: A Self-Custodial Transaction Solution
Exodus is embedding the new stablecoin into Exodus Pay, a feature within its wallet app that allows users to send and spend digital dollars while retaining control over their assets. This integration aims to make cryptocurrency payments straightforward, enabling users to transact globally without needing centralized exchanges.
“Stablecoins are quickly becoming the simplest way for people to hold and move dollars on-chain,” said JP Richardson, co-founder and CEO of Exodus. “But the experience still needs to meet the expectations set by today’s consumer apps.”
Through Exodus Pay, users not only gain the convenience of self-custodial transactions but also the opportunity to earn rewards, simplifying the often-complex processes associated with traditional crypto transactions.
The Growing Stablecoin Landscape
The entry of Exodus into the stablecoin market marks a noteworthy shift, placing it among a select group of public companies—a roster that includes Circle, PayPal, and Fiserv—that are advancing stablecoin innovations. MoonPay launched its enterprise stablecoin offerings in November 2024, facilitating the creation and management of digital dollars across various blockchains.
“This launch shows what’s possible when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that can operate at global scale,” said MoonPay CEO Ivan Soto-Wright.
Luca Prosperi, CEO of M0, highlighted the increasing demand for programmable and interoperable stablecoins, indicating a market shift towards digital dollars tailored to specific user experiences.
The overall stablecoin market is witnessing substantial growth, particularly following the enactment of the GENIUS Act in July 2024, which established a regulatory framework for fiat-backed stablecoins in the United States. The market saw significant launches, including USD1 by World Liberty Financial in March 2025, and Stripe’s stablecoin-based accounts introduced in May 2025.
Currently, Tether’s USDT dominates the scene with a staggering 60% market share and approximately $186 billion in circulation. Circle’s USDC follows with a 25% market share and a market capitalization of around $78 billion. Together, these two entities account for roughly 85% of the stablecoin market, which has reached an impressive total capitalization exceeding $310 billion, as per recent data.
The success of Exodus’s stablecoin rollout hinges on obtaining regulatory approval across various jurisdictions—an essential step for its broad adoption.
