Exodus, MoonPay to roll out stablecoin in early 2026, joining gold rush
Summary
Exodus and MoonPay are collaborating to launch a US dollar-backed stablecoin, planned for early 2026, leveraging MoonPay's infrastructure and M0's stablecoin platform. The stablecoin, which will integrate with Exodus Pay, seeks to simplify digital dollar transactions for consumers without requiring prior crypto knowledge. This move comes amidst a broader 'stablecoin gold rush,' spurred by the GENIUS Act and the increasing adoption of stablecoins. While the market is currently dominated by Tether and Circle's USDC, the new stablecoin aims to offer a programmable and interoperable solution. The stablecoin will be fully reserved and managed by MoonPay.
(Source:Cointelegraph)