Exodus And MoonPay Stablecoin Partnership Targets Real-World Payments Adoption

Source: DefiPlanet Original Title: Exodus And MoonPay Stablecoin Partnership Targets Real-World Payments Adoption Original Link:

Quick Breakdown

• Exodus and MoonPay plan to launch a fully reserved, USD-backed stablecoin for Exodus Pay in early 2026.
• MoonPay issues and manages the stablecoin using M0’s open infrastructure for digital dollars.
• Launch aims to make onchain dollar payments simple for non-crypto-native users globally.

Exodus and MoonPay launch USD-backed stablecoin for consumer payments

Cryptocurrency wallet provider Exodus has partnered with MoonPay to roll out a fully collateralized, USD-pegged stablecoin designed to power everyday payments and transfers inside its ecosystem. The digital dollar will sit at the core of Exodus Pay, a new self-custodial payments feature intended for mainstream users who want to spend and send dollars onchain without interacting with centralized exchanges.

Under the arrangement, MoonPay will issue and manage the stablecoin while stablecoin platform M0 provides the underlying infrastructure for reserve-backed digital dollars. The launch, expected in early 2026 pending regulatory approvals, places Exodus alongside a growing group of public companies, including Circle and other major platforms, that see branded stablecoins as a route into consumer payments.

Self-custody first; user experience focus

Exodus Pay is positioned as a self-custodial payments layer, allowing users to hold private keys while accessing familiar payment flows such as person-to-person transfers and merchant checkout. Exodus CEO JP Richardson said stablecoins are becoming the most straightforward way for people to hold and move dollars onchain, but stressed that the experience must match modern consumer apps to win over non-crypto users.

In practice, users can top up their Exodus app balance and use the stablecoin for everyday spending, such as buying coffee or sending money across borders, without managing complex wallet setups. The model aims to bridge the gap between self-custody and usability, an area where many existing wallets still fall short despite the rapid rise in stablecoin payment volumes and active wallets across DeFi.

Meanwhile, major platforms are partnering to offer stablecoin payouts for creators. These initiatives simplify crypto access for millions by allowing creators to bypass traditional banking and by integrating stablecoins into platforms, positioning these partnerships to drive stablecoin adoption and utility in the creator economy significantly, advancing Web3 adoption and a borderless financial system. Stablecoin issuers are also expanding across multiple blockchains to boost market competitiveness.