Exodus Partners With MoonPay To Launch USD-Backed Stablecoin For Seamless Digital Payments

Exodus Movement, Inc. (NYSE:EXOD) ("Exodus"), a leading self-custodial digital asset platform, today announced a partnership with MoonPay to launch a fully reserved, USD-backed dollar stablecoin that will power digital dollar experiences across the Exodus ecosystem. The asset will be issued and managed by MoonPay and developed using M0's open stablecoin infrastructure.

The launch builds on Exodus Pay, a new and upcoming everyday payment experience in the Exodus app that will let customers use stablecoins to spend and send money, earn rewards, and maintain self-custody—without needing to understand anything about cryptocurrency. The dedicated digital dollar will bring the reliability, speed, and global scale of stablecoins to consumer crypto experiences and support the expansion of Exodus' payments ecosystem over time.