Exodus and MoonPay Team Up to Introduce Dollar-Backed Stablecoin for Everyday Payments

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Digital asset platform Exodus has partnered with crypto funds agency MoonPay to roll out a US dollar-backed stablecoin designed for on a regular basis use.

Key Takeaways:

  • Exodus and MoonPay plan to launch a totally reserved US greenback stablecoin for on a regular basis funds in early 2026.
  • The stablecoin will energy Exodus Pay, enabling international digital greenback spending with self-custody.
  • MoonPay and M0 will deal with issuance and infrastructure.

The Exodus Movement, identified for its self-custodial crypto pockets, said Tuesday that the fully reserved digital greenback is scheduled to launch in early 2026.

The asset might be issued and managed by MoonPay and constructed utilizing M0, a stablecoin infrastructure platform that permits corporations to create and function customized fiat-backed tokens.

Exodus Pay to Bring Self-Custodial Digital Dollar Spending to Global Users

The yet-to-be-named stablecoin might be built-in into Exodus Pay, a forthcoming funds function inside the Exodus app.

The objective is to permit customers to spend and ship digital {dollars} globally whereas sustaining self-custody, with out requiring technical data of cryptocurrencies or blockchain networks.

“Stablecoins are rapidly turning into the best manner for folks to maintain and transfer {dollars} onchain, however the expertise nonetheless wants to meet the expectations set by right now’s shopper apps,” stated JP Richardson, co-founder and CEO of Exodus.

He added that the mission goals to make digital greenback funds as seamless as conventional monetary apps, beginning with Exodus Pay.

MoonPay will distribute the stablecoin throughout its international community, supporting shopping for, promoting, swapping, deposits and checkout companies.

According to the businesses, this broad integration is meant to give the digital greenback fast real-world utility for customers, retailers and companion purposes.

The collaboration comes as MoonPay expands its enterprise stablecoin enterprise, launched in November, which focuses on issuing and managing compliant digital {dollars} throughout a number of blockchains.

Its integration with M0 permits stablecoins to be programmable and interoperable whereas remaining tailor-made to particular product use circumstances.

“Enterprises need stablecoins which might be programmable, interoperable and tailor-made to a selected product expertise,” stated Luca Prosperi, co-founder and CEO of M0.

“Our infrastructure is constructed to assist that flexibility at scale.”

GENIUS Act Sparks Renewed Stablecoin Push Across Banks and Crypto Firms

The announcement lands amid a renewed surge of curiosity in stablecoins following the passage of the GENIUS Act in July, which established a federal regulatory framework for fiat-backed stablecoins within the US.

Since then, banks and crypto companies alike have accelerated their efforts to launch proprietary digital {dollars}.

This 12 months alone has seen the Trump family-linked World Liberty Financial introduce the USD1 stablecoin, Stripe roll out stablecoin-based accounts in additional than 100 international locations, and Tether announce plans for a regulatory-compliant token dubbed USAT.

Despite the inflow of latest entrants, the market stays closely concentrated. Tether’s USDT dominates with roughly 60% market share and about $186 billion in circulation, whereas Circle’s USDC holds round 25% with a market capitalization of $78 billion.

Together, the 2 account for roughly 85% of the $310 billion international stablecoin market.

The publish Exodus and MoonPay Team Up to Introduce Dollar-Backed Stablecoin for Everyday Payments appeared first on Cryptonews.

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