Here is another day and another win for the stablecoin industry. Exodus, a self-custodial digital asset platform, is working to roll out its USD-pegged stablecoin amid increasing stablecoin adoption and launches. The soon-to-be-launched stablecoin is a joint venture by the crypto payment company MoonPay and stablecoin infrastructure provider M0.
MoonPay will issue and manage the stablecoin using M0’s stablecoin infrastructure. The crypto payment platform handles the stablecoin reserves, issuance, and essential blockchain token mechanics.
A USD-backed stablecoin on Exodus Pay
According to an official statement, the stablecoin will be launched on Exodus Pay, an “upcoming everyday payment experience in the Exodus app.” The USD-pegged stablecoin will only be used within the app ecosystem, allowing users to spend and send money using the stablecoin while earning rewards and maintaining self-custody of their stablecoin holdings.
Exodus has not yet revealed additional details about the dollar-pegged stablecoin. All the details, such as supported networks, product integrations, and availability, will be announced next year.
Exodus, MoonPay, M0: Three names in stablecoin race
The stablecoin niche of the crypto industry is already emerging with numerous launches, adoptions, and integrations. You might have noticed several payment networks and platforms delving into stablecoin due to their stable and low conversion rate features, making transactions simple.
This is notably what JP Richardson, CEO and Co-Founder of Exodus, opined. He said: “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”.
As it is very clear, several governments, institutions, banks, and payments platforms are accepting stablecoin payments and integrations. PayPal’s PYUSD stablecoin is a typical example of how a payment platform embraces payment through stablecoins.
Payment network Mastercard’s stablecoin move in the UAE after partnering with ADI Foundation, a blockchain infrastructure, is also a notable milestone in the industry.
MoonPay’s stablecoin business is quite new. It officially entered into stablecoin arena in November 2025. The platform integrated with M0 to launch its enterprise stablecoin business.
The year 2025 is, in fact, a fruitful period for stablecoins and other digital assets, specifically due to the pro-crypto US administration supporting crypto innovation. If you are an adamant crypto enthusiast, you might have noticed several regulatory approvals for crypto projects, stablecoin launches, new cryptocurrencies, and partnerships.
All these positive changes have drawn the attention of several firms to launch stablecoins and deep dive into their practical use cases.
