Self-custodial dollar stablecoin targets everyday payments amid rising stablecoin adoption
Digital asset platform Exodus has partnered with MoonPay to introduce a fully reserved, US dollar-backed stablecoin, scheduled for launch in early 2026. The move places both companies firmly within the accelerating push by crypto and fintech firms to offer compliant, consumer-friendly digital dollars for daily use.
Stablecoin Built for Simplicity and Self-Custody
The upcoming stablecoin will be issued and managed by MoonPay and developed using M0’s stablecoin infrastructure, which enables enterprises to create and operate customized digital currencies. Designed for non-technical users, the stablecoin will integrate directly into Exodus Pay, allowing users to send and spend dollars onchain while retaining full self-custody of their funds.
The goal is to deliver a payments experience comparable to mainstream financial apps, without requiring users to understand blockchain mechanics or manage complex wallet operations.
Regulatory Clarity Fuels Stablecoin Expansion
The launch comes amid a broader stablecoin “gold rush”, following the passage of the GENIUS Act, which established a federal framework for fiat-backed stablecoins in the United States. Since then, banks, payment firms, and crypto platforms have rapidly rolled out new digital dollar products aimed at payments, savings, and cross-border transfers.
Despite growing competition, the stablecoin market remains highly concentrated. USDT and USDC together account for roughly 85% of the $310+ billion stablecoin market, underscoring both the scale of incumbents and the opportunity for new entrants offering differentiated payment experiences.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.