PANews reported on December 17 that fintech company Exodus announced a partnership with MoonPay to launch a stablecoin fully backed by US dollar reserves to support the digital dollar experience within its ecosystem. The stablecoin is issued and managed by MoonPay and developed based on M0's open stablecoin infrastructure.

This initiative will integrate with Exodus' upcoming payment feature, Exodus Pay, allowing users to make payments, transfers, and earn rewards using the stablecoin without needing to understand cryptocurrency, while maintaining a self-custodial model. The stablecoin will also be available through MoonPay's global distribution network, including buying, selling, exchanging, depositing, and settling transactions, providing users and merchants with a wide range of practical applications. The stablecoin is expected to officially launch in early 2026, with more details to be released prior to the announcement. The specific launch date will depend on relevant regulatory requirements.