Exodus Wallet to Launch USD Stablecoin With MoonPay and M0 in Early 2026

The Announcement

The announcement places Exodus alongside a growing group of crypto platforms and fintech firms seeking greater control over transaction flows as stablecoins shift from trading tools into widely used settlement instruments.

Dollar-backed tokens processed more than $10 trillion in on-chain transaction volume in 2024, according to aggregated blockchain data, and are increasingly used for remittances, cross-border payments, and treasury settlement.

Exodus said the stablecoin will be fully backed by U.S. dollar reserves and integrated directly into its wallet, allowing users to hold, send, and redeem the token without routing funds through centralized exchanges.

Exodus has built substantial momentum since its founding in 2015 by JP Richardson and Daniel Castagnoli. The Omaha-based company, publicly traded under ticker EXOD, now serves millions of users worldwide through its multi-asset wallet supporting over 450 cryptocurrencies across more than 40 blockchains.

Monthly active users hovered around 1.6 million in mid-2025, down from a promotional peak of 2.2 million earlier in the year, while quarterly funded users reached 1.8 million. Exchange volumes processed through its platform hit hundreds of millions monthly, with July 2025 alone seeing $632 million in swaps.

This expansion follows strategic moves, including acquisitions aimed at Latin American payments and integrations that boosted partner swap contributions to nearly a quarter of total volume.

The company reported revenue growth of over 50 percent year-over-year in recent quarters, driven by rising digital asset prices and increased trading activity. Corporate treasury holdings exceeded $291 million in digital assets as of mid-2025, underscoring financial stability.

Partnership Details and Market Fit

MoonPay recently launched its enterprise stablecoin suite in November 2025, led by former Paxos executives. The suite will provide fiat on- and off-ramp infrastructure for the stablecoin, enabling users to seamlessly move between bank accounts, cards, and the Exodus-issued dollar token. The payments firm operates in more than 150 countries and supports local payment methods across North America, Europe, Latin America, and parts of Africa and Asia.

This partnership allows Exodus to bypass the need to build direct banking relationships while offering regulated access to traditional payment rails. It also aligns the stablecoin with consumer use cases rather than limiting it to crypto-native transfers.

Stablecoins have gained traction in cross-border payments due to lower fees and faster settlement times compared with correspondent banking systems. In 2024, on-chain stablecoin transfers frequently settled in minutes, compared with days for traditional international bank transfers.

M0 will handle issuance and settlement infrastructure for the stablecoin, focusing on transparent reserve management and programmable money features. The design reflects lessons from earlier failures in the stablecoin market, including algorithmic models that collapsed during periods of market stress and centralized issuers that faced liquidity scrutiny.

Reserve composition, redemption mechanisms, and operational segregation are now central concerns for both users and regulators. Full dollar backing and clear issuance structures have become baseline requirements rather than competitive advantages.

Exodus said the stablecoin will be structured to meet emerging regulatory standards, including clear redemption rights and reserve transparency.

The stablecoin market remains dominated by a small number of issuers. Tether’s USDT and Circle’s USDC account for the majority of circulating supply and daily transaction volume, while newer entrants such as PayPal’s PYUSD highlight growing interest from established financial firms.

Exodus’ approach differs from exchange-issued stablecoins by embedding the token directly within a self-custody wallet. Users retain control of private keys while accessing regulated fiat rails, combining elements of decentralized custody with centralized payment infrastructure.

What’s Next?

This launch arrives as stablecoins increasingly bridge traditional finance and blockchain. Major players like Stripe and Mastercard have piloted stablecoin settlements, while banks explore issuance under new frameworks. Yet competition intensifies, with established tokens benefiting from deep liquidity and trust built over years.

Exodus itself maintains a strong security emphasis as a non-custodial platform, encrypting private keys locally and supporting hardware integrations. Individual user incidents, often tied to malware or phishing, have occurred across the industry, reinforcing the need for personal vigilance in self-custody models. The company’s focus on usability has driven adoption, but entering stablecoins demands flawless execution in reserves and compliance.

Bitedge analysts view the move as logical for Exodus, given its existing support for major stablecoins and push into payments. Success could accelerate user growth and swap volumes, particularly if it captures niche demand for wallet-native digital dollars. Still, displacing incumbents requires scale, which partnerships like this aim to provide.

As 2026 approaches, this Exodus initiative underscores stablecoins’ evolution from trading tools to mainstream payment instruments, potentially reshaping how consumers handle dollars in a digital world.