TechFlow news, December 17 — According to The Block, self-custody wallet company Exodus Movement announced a partnership with MoonPay and M0 to launch a fully-reserved dollar-pegged stablecoin to support its ecosystem.
The stablecoin will be built on M0's infrastructure and issued and managed by MoonPay, with an expected official launch in early 2026. This stablecoin will integrate with the upcoming Exodus Pay payment feature, enabling users to spend, manage funds, and earn rewards using the stablecoin.
Exodus CEO JP Richardson said: "Stablecoins are rapidly becoming the simplest way for people to hold and transfer dollars on-chain, but the user experience still needs to meet the expectations set by today’s consumer applications. This launch will bring a digital dollar experience to Exodus, making payments and remittances simple on a global scale."
Previously, Exodus agreed to acquire W3C Corp and its subsidiaries for $175 million, aiming to build an end-to-end payment system covering wallets and cards.
