Digital asset platform Exodus has partnered with crypto payments firm MoonPay to launch a US dollar-backed stablecoin aimed at everyday payments.
The Exodus Movement said the fully reserved stablecoin is scheduled to launch in early 2026.
MoonPay will issue and manage the stablecoin, providing regulatory and operational support.
The token will be built using M0, a stablecoin infrastructure platform that enables companies to create and manage custom digital dollars.
The stablecoin has not yet been named, according to the companies.
Exodus said the product is designed to simplify digital dollar payments for consumers without requiring deep crypto knowledge.
The stablecoin will be integrated into Exodus Pay, allowing users to send and spend funds while retaining self-custody.
Exodus said the integration is intended to combine the familiarity of consumer payment apps with blockchain-based settlement.
“Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain, but the experience still needs to meet the expectations set by today’s consumer apps,” JP Richardson said.
Richardson said the partnership aims to bridge the gap between decentralised finance and everyday payments.
MoonPay launched its enterprise stablecoin business in November to support issuers seeking programmable and interoperable digital dollars.
The MoonPay service is designed to work across multiple blockchains using M0’s open infrastructure.
“Enterprises want stablecoins that are programmable, interoperable and tailored to a specific product experience,” Luca Prosperi said.
The launch comes amid accelerating competition in the stablecoin sector.
Banks and crypto firms have increasingly announced stablecoin plans following regulatory clarity in the United States.
The passage of the GENIUS Act in July established a federal framework for fiat-backed stablecoins.
Several major firms have since rolled out new digital dollar products or announced plans to do so.
Despite the influx of new issuers, the stablecoin market remains highly concentrated.
Tether continues to dominate the sector with the largest share of circulating supply.
Circle’s USDC remains the second-largest stablecoin by market capitalisation.
Together, the two issuers account for the majority of the global stablecoin market value.
Exodus and MoonPay said their stablecoin will focus on usability and consumer adoption rather than speculation.
The companies said further technical and regulatory details will be released closer to launch.