Exodus Movement is gearing up to launch a digital dollar stablecoin in collaboration with MoonPay and M0, aiming for an early 2026 rollout that promises seamless payment capabilities within the realm of self-custody wallets. This stablecoin will be fully backed by the U.S. dollar, with MoonPay taking charge of its distribution and regulation through M0’s infrastructure. This innovative development is set to enhance the Exodus ecosystem and redefine how users manage payments.
In a move to bolster its payment systems, Exodus recently acquired W3C Corp and its subsidiaries for $175 million. This strategic acquisition includes the buyout of Baanx and Monavate, allowing the company to build a comprehensive payment stack that integrates both wallets and cards. A key aspect of this new venture is Exodus Pay, which aims to facilitate effortless interactions with the digital dollar for users.
JP Richardson, CEO of Exodus, highlighted the growing importance of stablecoins in the financial landscape. He asserted that stablecoins simplify the process of keeping dollars on-chain and that the user experience will align with consumer application standards. This initiative is positioned to offer a global digital dollar experience through Exodus.
Looking ahead to 2026, the launch of Exodus Pay remains a priority, with intentions to create a singular app that encompasses the diverse financial needs of users. Prospective customers can join a waitlist to stay informed about updates.
Ivan Soto-Wright, CEO of MoonPay, emphasized the importance of their partnership with Exodus, envisioning a future where digital dollars are not only practical but also compliant with global standards. The collaboration aims to develop an infrastructure that empowers the issuance of compliant stablecoins, contributing to a more regulated cryptocurrency environment.
M0’s CEO, Luca Prosperi, echoed the growing demand among businesses for programmable and interoperable stablecoins. The M0 platform is designed to offer partners rapid deployment of application-specific digital dollars, thereby enhancing operational flexibility.
This announcement arrives at a time of heightened institutional interest in stablecoins, with competitors such as Visa, Sony Bank, and RedotPay also advancing their initiatives in this sector. RedotPay, a Hong Kong-based fintech, recently raised $107 million in Series B funding to expand its stablecoin payment solutions.
Furthermore, recent regulatory developments in the U.S., particularly with the passage of the Genius Act, have paved the way for international stablecoin projects. Notably, stablecoins have gained endorsements from high-profile figures, including former President Donald Trump, aimed at strengthening the position of the dollar globally.
As the stablecoin market values exceed $310 billion, Tether dominates the landscape with a 60% market share, followed by Circle’s USDC, which accounts for 25%. Together, they represent a staggering 85% of the stablecoin market value.
While detailed specifications regarding the network and product integrations remain undisclosed, further information is expected as the launch date approaches. MoonPay’s recent entry into the stablecoin arena underscores its commitment to transparency and full support for U.S. dollars, laying the groundwork for what could be a transformative shift in payment solutions.
