Exodus Teams Up With MoonPay and M0 to Launch USD-Backed Digital Dollar

The initiative involves the launch of a fully reserved digital dollar, which would be directly incorporated into the Exodus wallet infrastructure, furthering the company’s efforts to provide consumer-friendly crypto-payment solutions.

According to Exodus, “digital dollars” would be created and managed by MoonPay through M0’s stablecoin infrastructure, and such digital dollars would be fully backed by U.S. dollar deposits on a one-to-one basis. The asset is intended to ensure price stability and allow users “to send, receive, and spend digital dollars from their Exodus wallet without needing banks or third-party custody.”

The digital dollar is set to be an integral part of the new service called "Exodus Pay," which has just been rolled out by the company. This is specifically aimed at making stablecoin payments easier and more user-friendly for regular use. Exodus Pay is meant for users to easily and intuitively transact with digital dollars with the ability to send funds across the globe with full user control over the funds.

JP Richardson, CEO and Co-Founder of Exodus, said stablecoins are increasingly being used as a simple way for people to hold and move dollars onchain, though the user experience has yet to match the standards of modern consumer applications. “Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain, but the experience still needs to meet the expectations set by today’s consumer apps,” he said. “This launch will bring a digital dollar experience to Exodus to make spending and sending money around the world simple, starting with next-gen payments experiences like Exodus Pay.”

MoonPay is set to be at the center of issuing and distributing digital dollars. It is also expected to provide on-ramp, off-ramp, and payment services. MoonPay is expected to allow consumers to buy, sell, swap, deposit, and checkout with digital dollars. It is expected to provide payments infrastructure connecting fiat financial systems with blockchain-based digital dollars.

Ivan Soto-Wright, CEO and co-founder of MoonPay, said Exodus is working toward making digital dollars a practical tool for moving money in everyday life. “Exodus is building toward a world where digital dollars are a practical part of how people move money,” he said. “This launch shows what’s possible when a consumer-first product integrates compliant stablecoin issuance with infrastructure and distribution that can operate at global scale.

M0 will serve as the stablecoin infrastructure, allowing the issuance of the fully reserved digital dollar. The project is meant to enable the issuance of digital dollars specific to an application by businesses, with flexibility and interoperability between blockchain networks.

Luca Prosperi, CEO and Co-Founder of M0, said enterprises are increasingly seeking stablecoins that are programmable, interoperable, and designed for specific product experiences. “Enterprises want stablecoins that are programmable, interoperable and tailored to a specific product experience,” he said. “M0’s infrastructure lets partners launch application-specific digital dollars quickly, with strong controls and flexibility to expand across networks and integrations over time.”

This digital dollar will be usable within the Exodus wallet and the MoonPay payment network. This will enable the digital dollar to be utilized outside the application environment. According to the company, Exodus, the digital dollar is meant for facilitating different day-to-day transactions, including P2P and consumer transactions, without necessarily needing users to leave the Exodus site.

Exodus also made it official that the digital dollar will be launched in a phased manner, and more information on the networks along with functionality is expected to be shared before its release. They have also opened a waitlist to offer early access to those who are interested.

Exodus said additional details about the stablecoin, including supported blockchain networks, availability, and product integrations, will be shared closer to launch, which the company expects to take place in early 2026.

The launch showcases the continued commitment of Exodus to the expansion of the use cases of its wallet platform with the integration of digital assets with a focus on payments. The integration of the Stable Coin platform for the creation of digital US dollars indicates the focus of the firm on building the digital dollar experience.