MoonPay will issue and manage the fully reserved stablecoin using M0's infrastructure platform.
Stablecoin News
Digital asset platform Exodus has partnered with MoonPay to create a U.S. dollar-backed stablecoin scheduled for early 2026 launch. MoonPay will issue and manage the fully reserved stablecoin using M0's infrastructure platform.
The Exodus Movement announced the collaboration Tuesday, revealing plans to integrate the stablecoin into Exodus Pay. Users will be able to spend and send money while maintaining self-custody of their funds.
JP Richardson, co-founder and CEO of Exodus, said stablecoins are becoming the simplest way for people to hold and move dollars on-chain. He noted the experience needs to meet expectations set by modern consumer applications.
The stablecoin aims to simplify digital dollar transactions for consumers without requiring cryptocurrency knowledge. It will enable self-custodial transactions through the Exodus ecosystem, Richardson explained.
M0 provides the stablecoin infrastructure allowing companies to build, issue, and manage custom stablecoins. Luca Prosperi, co-founder and CEO of M0, said enterprises want stablecoins that are programmable, interoperable, and tailored to specific product experiences.
MoonPay launched its enterprise stablecoin business in November to issue digital dollars across multiple blockchains. The integration with M0's open infrastructure supports cross-chain functionality.
Banks and crypto firms have rushed to offer stablecoins this year following the GENIUS Act passage in July. The legislation introduced a clear federal regulatory framework for fiat-backed stablecoins in the United States.
World Liberty Financial launched the USD1 (USD1) stablecoin in March, while Stripe introduced stablecoin-based accounts to clients in over 100 countries in May. Tether announced a regulatory-compliant stablecoin called USAT (USAT) in September, joining the competitive market landscape.
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