Exodus Makes Strategic Move into Stablecoin Market with MoonPay Partnership

Exodus, the prominent crypto wallet provider, is making a significant entrance into the stablecoin landscape through a strategic partnership with fintech firm MoonPay. The two companies are collaborating to introduce a fully reserved, USD-backed stablecoin designed to facilitate self-managed crypto payments directly within the Exodus app ecosystem.

Building USD-Backed Payment Infrastructure

The newly developed stablecoin will be issued and managed by MoonPay, with technical infrastructure support from M0, a specialized stablecoin infrastructure provider. Exodus will integrate this digital dollar into its platform, enabling a new product called Exodus Pay. This feature represents a fundamental shift in how users can interact with digital currencies—allowing them to spend and send stablecoins without requiring access to centralized exchanges or managing complex wallet configurations.

According to JP Richardson, co-founder and CEO at Exodus, the vision centers on improving user experience. “Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain,” Richardson stated. “But the experience still needs to meet the expectations set by today’s consumer apps.” This philosophy directly addresses a critical gap in current crypto offerings.

Joining an Elite Group of Public Company Stablecoin Issuers

With this launch, Exodus enters a select tier of publicly traded companies actively backing stablecoin products. This group includes Circle, which operates USDC, PayPal with its PYUSD offering, and Fiserv behind FIUSD. Each of these organizations represents a major financial or technology player recognizing stablecoins as essential infrastructure for digital payments.

The Exodus stablecoin positions the company alongside these established players, signaling confidence in stablecoins as a bridge between traditional finance and decentralized networks.

Practical Use Cases and Global Accessibility

Exodus Pay transforms how consumers can interact with digital currency in everyday scenarios. Imagine sending money across international borders or purchasing everyday items—all executed through the Exodus app using stablecoins while maintaining full control over your assets. Users can earn rewards on these transactions and avoid the friction typically associated with cryptocurrency operations.

The stablecoin will be accessible through MoonPay’s extensive global network, which includes buying, selling, and swapping infrastructure. This integration positions Exodus to reach international markets seamlessly. Ivan Soto-Wright, CEO of MoonPay, emphasized the broader significance: “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.”

Regulatory Path and Market Timeline

The rollout of Exodus’s stablecoin solution will progress according to regulatory approvals across different jurisdictions. This measured approach reflects the evolving regulatory environment surrounding stablecoins globally. The partnership demonstrates how innovative financial products can maintain compliance while expanding access to digital payment solutions.

Exodus’s entry into the stablecoin market underscores a broader industry trend: traditional financial infrastructure companies and modern fintech platforms are converging on stablecoins as the foundational layer for digital commerce. As Exodus scales this initiative internationally, the company is positioned to influence how millions of users engage with decentralized payments.