Exodus and MoonPay Team Up to Introduce Dollar-Backed Stablecoin for Everyday Payments
Forget waiting for banks to open—your wallet just got a direct line to the dollar.
Exodus, the popular non-custodial wallet, and MoonPay, the on-ramp giant, are joining forces. Their mission? To launch a dollar-backed stablecoin designed not for traders, but for the coffee shop, the grocery store, and the monthly rent check. This isn't another DeFi experiment; it's a direct shot at making crypto spendable.
The Gateway to Spending
The partnership cuts out the middleman. Users can buy the stablecoin directly within the Exodus interface using MoonPay's rails—no separate exchange account, no complex bridging. It turns a portfolio app into a potential payment hub. The promise is seamless: convert fiat to a stable digital dollar in seconds, then hold or spend it from the same place you manage your Bitcoin and Ethereum.
Why Your Wallet Wants This
Stablecoins have long been the engine of crypto trading, but their use for actual commerce has been clunky. This move bypasses that friction. For Exodus, it locks in user engagement. For MoonPay, it expands its utility beyond a simple buy button. Together, they're betting that convenience will trump skepticism—and that users are tired of stablecoins that feel more like casino chips than cash.
A quieter, more cynical read? It's a brilliant play for 'sticky' revenue in a wallet space crowded with free options. After all, in finance, the real product is often the payment flow itself.
The collaboration signals a pivot. Crypto's infrastructure players aren't just building for the next bull run; they're laying pavement for daily use. Whether the public is ready to walk that road remains the billion-dollar question. One thing's clear: the race to put crypto in your pocket—literally—just hit the gas.
Exodus Pay to Bring Self-Custodial Digital Dollar Spending to Global Users
The yet-to-be-named stablecoin will be integrated into Exodus Pay, a forthcoming payments feature within the Exodus app.
The goal is to allow users to spend and send digital dollars globally while maintaining self-custody, without requiring technical knowledge of cryptocurrencies or blockchain networks.
“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,” said JP Richardson, co-founder and CEO of Exodus.
He added that the project aims to make digital dollar payments as seamless as traditional financial apps, starting with Exodus Pay.
MoonPay will distribute the stablecoin across its global network, supporting buying, selling, swapping, deposits and checkout services.
BREAKING: the @exodus stablecoin is coming
issued and managed by MoonPay, in partnership with @m0 pic.twitter.com/ZMiKggzDQ8
According to the companies, this broad integration is intended to give the digital dollar immediate real-world utility for consumers, merchants and partner applications.
The collaboration comes as MoonPay expands its enterprise stablecoin business, launched in November, which focuses on issuing and managing compliant digital dollars across multiple blockchains.
Its integration with M0 allows stablecoins to be programmable and interoperable while remaining tailored to specific product use cases.
“Enterprises want stablecoins that are programmable, interoperable and tailored to a specific product experience,” said Luca Prosperi, co-founder and CEO of M0.
“Our infrastructure is built to support that flexibility at scale.”
GENIUS Act Sparks Renewed Stablecoin Push Across Banks and Crypto Firms
The announcement lands amid a renewed surge of interest in stablecoins following the passage of the GENIUS Act in July, which established a federal regulatory framework for fiat-backed stablecoins in the US.
Since then, banks and crypto firms alike have accelerated their efforts to launch proprietary digital dollars.
This year alone has seen the Trump family-linked World Liberty Financial introduce the USD1 stablecoin, Stripe roll out stablecoin-based accounts in more than 100 countries, and Tether announce plans for a regulatory-compliant token dubbed USAT.
Despite the influx of new entrants, the market remains heavily concentrated. Tether’s USDT dominates with roughly 60% market share and about $186 billion in circulation, while Circle’s USDC holds around 25% with a market capitalization of $78 billion.
Together, the two account for roughly 85% of the $310 billion global stablecoin market.
