This Tuesday, Exodus (EXOD) announced its foray into the stablecoin market with the launch of a fully reserved digital dollar, developed in partnership with the fintech firm MoonPay. According to JP Richardson, CEO of the company, the asset will be issued and managed by MoonPay with support from M0, and it is expected to be fully operational by January 2026.
With this move, Exodus aims to strengthen the Exodus payment ecosystem through its new tool, “Exodus Pay,” which will allow for daily purchases and international transfers without sacrificing self-custody. By integrating directly into the application, users will be able to move dollars on-chain with an experience similar to traditional financial apps, bypassing the technical complexity of centralized exchanges.
Moving forward, both companies must focus on technical implementation and securing regulatory approvals in various global markets. Investors and users should keep an eye on the specific details regarding compatible networks and the promised rewards system, as the company joins giants like PayPal and Circle in offering regulated stable assets.
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