Exodus Introduces Dollar-Backed Stablecoin with MoonPay

Exodus Enters the Stablecoin Market

Exodus is launching a stablecoin backed by USD, fully reserved and supported by MoonPay, for use in its cryptocurrency wallet application. This innovation will support a new feature called Exodus Pay, enabling users to spend and send digital dollars without the need for a centralized exchange.

With this launch, Exodus joins the ranks of publicly traded companies that support stablecoin products, such as PayPal and Circle.