I once tried paying a freelancer overseas with crypto. The transaction worked. The explanation didn’t.
By the end, we both wished it felt more like sending money on a normal app.
That frustration is exactly what Exodus and MoonPay are trying to fix.
The two companies are teaming up to launch a US dollar-backed stablecoin built for everyday payments. Not trading. Not DeFi gymnastics. Just sending and spending digital dollars without the usual crypto headache.
The stablecoin is expected to launch in early 2026.
Exodus, best known for its self-custodial wallet, says the idea is simple: let people use digital dollars while still holding their own keys. No banks in the middle. No giving up control.
The coin itself will be issued and managed by MoonPay, and built using M0, a stablecoin infrastructure platform that lets companies create fully backed fiat tokens.
BREAKING: the @exodus stablecoin is coming
— MoonPay 🟣 (@moonpay) December 16, 2025
issued and managed by MoonPay, in partnership with @m0 pic.twitter.com/ZMiKggzDQ8
Ref: X Platform
Exodus Pay wants crypto to feel… normal
The stablecoin will live inside Exodus Pay, a new payments feature coming to the Exodus app.
The goal is to make sending and spending dollars feel familiar. Tap. Send. Done. All while staying self-custodial. No deep knowledge of blockchains required.
JP Richardson, CEO of Exodus, put it plainly.
Stablecoins are already the easiest way to move dollars onchain. The problem is the experience still doesn’t match what people expect from modern money apps. Exodus Pay is meant to close that gap.
In other words, crypto shouldn’t feel like crypto.
MoonPay handles the heavy lifting
MoonPay will handle distribution of the stablecoin across its global network. That includes buying, selling, swapping, deposits, and checkout tools for merchants.
That matters. Because a digital dollar is only useful if you can actually use it.
By plugging into MoonPay’s rails, the stablecoin gets instant reach across consumers, businesses, and partner apps around the world.
Behind the scenes, M0 provides the plumbing. Its infrastructure allows stablecoins to be programmable, interoperable, and still tailored to specific products.
M0 CEO Luca Prosperi says that’s exactly what companies want now. Not a one-size-fits-all token, but stablecoins designed for real use cases, at scale.
Stablecoins are having a moment, again
This announcement didn’t happen in a vacuum.
Interest in stablecoins has surged since the GENIUS Act passed in July, creating a clear federal framework for fiat-backed stablecoins in the US. Once the rules showed up, the builders followed.
This year alone:
- World Liberty Financial, linked to the Trump family, launched USD1
- Stripe rolled out stablecoin accounts in 100+ countries
- Tether announced plans for a compliant token called USAT
Everyone wants a digital dollar now.
But the market is still heavily concentrated. Tether’s USDT controls about 60% of the market with roughly $186 billion in circulation. Circle’s USDC holds around 25%, or $78 billion.
Together, they dominate about 85% of the $310 billion stablecoin market.
That makes moves like Exodus and MoonPay interesting.
They’re not trying to replace the giants overnight. They’re focused on something more practical: making digital dollars actually usable by normal people, in everyday situations.
If they get that right, users won’t care what’s under the hood.
They’ll just know it works.
