PANews reported on December 17th that, according to CoinDesk, crypto wallet provider Exodus (EXOD) has partnered with fintech company MoonPay to launch a fully backed, USD-backed stablecoin, officially entering the stablecoin market. MoonPay will issue and manage the stablecoin with the support of stablecoin infrastructure provider M0. The token is expected to launch in January 2026, with network and product details to be announced later.

The Exodus stablecoin is central to its upcoming product, Exodus Pay, which aims to provide everyday cryptocurrency payments without sacrificing user autonomy. Users will be able to spend and send this digital dollar through the Exodus app, earning rewards while avoiding the complexities of typical cryptocurrency transactions. The Exodus stablecoin will be available through MoonPay's global network.