Exodus and MoonPay to Launch Dollar Stablecoin in Early 2026

Public company enters dollar stablecoins

Exodus Movement, a self-custodial crypto wallet provider listed as EXOD on NYSE American, plans a USD-backed stablecoin launch in early 2026. A stablecoin is a crypto token designed to track a reference asset, in this case one US dollar held in reserves. Exodus positions the token for everyday payments inside its Exodus Pay product instead of trading or leveraged speculation.

MoonPay issuance on M0 infrastructure

MoonPay, a crypto payments company, issues and manages the new stablecoin for Exodus using the open infrastructure platform from M0. M0 describes a system where partners launch fully reserved stablecoins with U.S. dollar backing and programmable features. Exodus expects MoonPay’s distribution network and M0’s platform to connect its users to merchants and payment partners while users keep self-custody of their keys.

“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. This launch will bring a digital dollar experience to Exodus to make spending and sending money around the world simple, starting with next-gen payments experiences like Exodus Pay.” — JP Richardson, CEO, Exodus Movement

Regulatory backdrop and market size

The GENIUS Act, a United States law signed in July 2025, sets federal rules for stablecoins, including 100% reserves, monthly disclosures, and annual audits. Public sources describe a stablecoin market above 300 billion dollars in 2025, led by products such as USDC and PYUSD. Exodus joins a group of firms building payment-focused dollar tokens after lawmakers created a nationwide framework for regulated stablecoins.