Exodus Wallet Launches USD Exodus Stablecoin with MoonPay, Joining Crypto Race

Popular cryptocurrency wallet Exodus has entered the competitive stablecoin market with the launch of its own digital dollar, USD Exodus. This new stablecoin, developed in partnership with payments infrastructure provider MoonPay, is designed to offer users a seamless way to hold and transact dollar value within the Exodus ecosystem. USD Exodus is pegged 1:1 to the US dollar, with reserves held in cash and cash equivalents. The launch positions Exodus against major stablecoins like Tether (USDT) and USD Coin (USDC), aiming to provide a regulated and integrated alternative for its user base. The move highlights the growing trend of crypto-native companies expanding into the stablecoin sector to capture more of the digital finance market.