ChainCatcher reports that, according to Coindesk, cryptocurrency wallet provider Exodus is officially entering the stablecoin market by partnering with fintech company MoonPay to launch a fully US dollar-backed, fully-reserved stablecoin. MoonPay, with support from stablecoin infrastructure provider M0, will be responsible for issuing and managing the stablecoin. The token is expected to launch in January 2026, with further network and product details to be announced later.
It is understood that the Exodus stablecoin is the core of its upcoming product, "Exodus Pay," which aims to enable everyday cryptocurrency payments without sacrificing users' self-custody rights.
