Exodus, MoonPay to roll out stablecoin in early 2026, joining gold rush

cointelegraphОпубліковано о 2025-12-17Востаннє оновлено о 2025-12-17

Анотація

Digital asset platform Exodus has partnered with payments infrastructure company MoonPay to launch a U.S. dollar-backed stablecoin, planned for release in early 2026. The yet-unnamed stablecoin will be issued and managed by MoonPay using the M0 infrastructure platform. It aims to simplify digital dollar transactions for everyday consumers by integrating with Exodus Pay, allowing users to spend and send money without needing deep crypto knowledge while maintaining self-custody. This move is part of a broader industry trend, as banks and crypto firms rush to offer stablecoins following the passage of the GENIUS Act in July, which established a clear U.S. regulatory framework for fiat-backed stablecoins. The new entrant will compete in a market currently dominated by Tether (USDT), which holds a 60% market share, and Circle's USDC, which holds 25%. Together, these two stablecoins represent 85% of the total $310 billion market.

Digital asset platform Exodus has partnered with MoonPay to launch a US dollar-backed stablecoin for everyday payments.

The Exodus Movement, which is also behind a popular crypto wallet, announced on Tuesday that its fully reserved dollar stablecoin is planned for launch in early 2026. The stablecoin will be issued and managed by MoonPay and developed using M0.

M0 is a stablecoin infrastructure platform that allows companies to build, issue, and manage their own custom stablecoins, and MoonPay is a leading crypto payments platform and fiat on-ramp.

The new stablecoin, which was not named, aims to make digital dollar transactions simple for consumers without requiring crypto knowledge, as it will integrate into Exodus Pay, allowing users to spend and send money while maintaining self-custody.

“Stablecoins are quickly becoming the simplest way for people to hold and move dollars onchain, but the experience still needs to meet the expectations set by today’s consumer apps,” said JP Richardson, co-founder and CEO of Exodus.

The stablecoin gold rush continues

MoonPay launched its enterprise stablecoin business in November to issue and manage digital dollars across multiple blockchains while integrating with M0’s open infrastructure.

“Enterprises want stablecoins that are programmable, interoperable and tailored to a specific product experience,” said Luca Prosperi, co-founder and CEO of M0.

Related: US banks could soon issue stablecoins under FDIC plan to implement GENIUS Act

Banks and crypto firms have rushed to offer their own stablecoins this year, spurred by the passage of the GENIUS Act in July, which introduced a clear federal regulatory framework for fiat-backed stablecoins in the United States.

The Trump family DeFi platform, World Liberty Financial, launched the USD1 stablecoin in March, global payments platform Stripe introduced stablecoin-based accounts to clients in over 100 countries in May, and Tether announced a regulatory-compliant stablecoin called USAT in September.

Two stablecoin players dominate the sector

The new Exodus and MoonPay stablecoin is entering a crowded market still dominated by two primary players.

Tether (USDT) remains the biggest stablecoin issuer with a market share of around 60% and a circulating supply of $186 billion, while Circle’s USDC is second with a 25% share and $78 billion market cap.

These two alone comprise 85% of the total stablecoin market capitalization, which is over $310 billion, according to CoinGecko.

*USDT and USDC still dominate stablecoin markets. Source:* *RWA.xyz*

Magazine: Do Kwon sentenced to 15 years, Bitcoin’s ‘choppy dance’: Hodler’s Digest

Пов'язані матеріали

The Era Has Arrived Where Human Writers Must Prove They Are Not Machines

The article describes an era where AI-generated content is flooding the market, forcing human authors to prove they are not machines. It begins with the example of dozens of AI-written, error-ridden biographies of Henry Kissinger appearing on Amazon within hours of his death, a pattern repeated for other deceased celebrities and even living experts who find fraudulent books under their names. This spam content has exploded, with monthly new book releases on platforms like Amazon reaching 300,000 by late 2025. The issue spans genres, from suspiciously high proportions of AI-written teen romance and self-help books to dangerous, AI-generated foraging guides containing lethal advice. The platforms' automated review systems, designed to catch plagiarism and banned words, are ill-equipped to detect AI-generated text that avoids these pitfalls while being nonsensical or fraudulent. The problem has infiltrated traditional publishing. A major publisher, Hachette, had to recall a bestselling horror novel after AI detection tools suggested 78% of its content was machine-generated. An acclaimed European philosophy book was later revealed to be entirely written by AI under a fake author persona. In response, authors are fighting back. At the 2026 London Book Fair, 10,000 writers published a blank book titled "Don't Steal This Book" containing only their signatures—using emptiness as a protest weapon in an age of AI overproduction. Initiatives like the "Human Author Certification" program have emerged, ironically placing the burden on humans to prove their work is not machine-made. The article warns of a vicious cycle: AI-generated low-quality books pollute the data used to train future AI models, leading to "model collapse" and an ever-worsening flood of digital waste, eroding trust in publishing and devaluing human creativity.

marsbit12 хв тому

The Era Has Arrived Where Human Writers Must Prove They Are Not Machines

marsbit12 хв тому

Strategy CEO Highlights Scenarios Where Company Would Sell Bitcoin — Report

Strategy CEO Phong Le outlined potential scenarios for the company to sell portions of its massive Bitcoin holdings, a departure from its "Never Sell" philosophy. In a CNBC interview, Le stated sales could occur to finance dividend payments for its Perpetual Preferred Stock if doing so increases shareholder value, defined as a rise in "Bitcoin per share." He emphasized a data-driven approach, prioritizing math over ideology. Other reasons include when the company's book value is below market value or to capture tax benefits. As the largest corporate holder with 818,334 BTC (~$65 billion), Strategy has significant annual dividend obligations (~$1.5 billion). Le believes the Bitcoin market's high liquidity (~$60B daily volume) can absorb such sales without major price impact. Bitcoin currently trades around $80,840.

bitcoinist24 хв тому

Strategy CEO Highlights Scenarios Where Company Would Sell Bitcoin — Report

bitcoinist24 хв тому

Crypto Funds See Six Consecutive Weeks of Net Inflows, CLARITY Act Drives $858 Million Influx

Global cryptocurrency investment products recorded a net inflow of $857.9 million last week, marking the sixth consecutive week of positive flows and the largest single-week inflow since April 24, according to CoinShares' latest report. The primary catalyst was legislative progress on the U.S. CLARITY Act, specifically the final compromise text for stablecoin yield provisions, alongside Bitcoin's price breaking above $80,000. U.S.-listed products dominated with $776.6 million in inflows, a significant jump from the prior week's $47.5 million. European markets also saw increased participation. Bitcoin products led with $706.1 million in inflows, while short-Bitcoin products experienced their largest weekly outflow of 2026, indicating unwinding bearish positions. Major altcoins like Ethereum, Solana, and XRP all saw renewed positive flows, with Ethereum reversing its prior week's outflow to attract $77.1 million. Total assets under management (AUM) climbed to $160 billion.

marsbit26 хв тому

Crypto Funds See Six Consecutive Weeks of Net Inflows, CLARITY Act Drives $858 Million Influx

marsbit26 хв тому

Silicon Valley Wang Chuan: How Can You Not Feel Anxious When the Neighbor Lao Wang Earned 30x by Investing in Storage Stocks?

The author explores anxiety, attributing it to the amygdala's stress response, and suggests writing down worries to shift control to the rational prefrontal cortex, easing anxiety more effectively than mere reassurance. The piece then examines a source of financial anxiety in May 2026: a 150% surge in the Philadelphia Semiconductor Index, with storage stock SNDK skyrocketing 38x. The author analyzes the underlying logic behind this boom, tracing it to soaring valuations of AI startups like Anthropic (Anth). Anth's reported $400 billion ARR is scrutinized, revealing that cumulative revenue since founding is only about $108 billion, with the company still losing billions monthly and relying on continuous funding (having raised $723 billion). The author contrasts Anth's $1+ trillion valuation speculation with Berkshire Hathaway's fundamentals ($3.7 trillion revenue, $669 billion profit, $4 trillion cash, $1 trillion market cap), questioning the belief that a loss-making, funding-dependent startup could be worth more than the established giant. The narrative concludes by linking the massive valuations of Anth and OpenAI to a surge in AI industry capital expenditure (capex), which in turn fueled the storage sector's prosperity, setting the stage for a further discussion.

marsbit38 хв тому

Silicon Valley Wang Chuan: How Can You Not Feel Anxious When the Neighbor Lao Wang Earned 30x by Investing in Storage Stocks?

marsbit38 хв тому

The King of Blind Date Attire in Korea: How SK Hynix Made a Comeback Against Samsung?

In South Korea's dating scene, SK Hynix employees are now highly sought after, a status shift fueled by the company's astronomical profits and employee bonuses, projected to reach up to 6.1 million RMB per person by 2027. This marks a dramatic reversal for the long-time second-place player in memory semiconductors, which has now surpassed its rival Samsung in annual operating profit. The turnaround story began in 2008 when a struggling Hynix, emerging from bankruptcy restructuring, took a risky bet by agreeing to develop High Bandwidth Memory (HBM) with AMD. At the time, HBM had no clear market beyond high-end graphics cards and was a costly, complex technology. Major players like Samsung, pursuing its own HMC technology, declined. For Hynix, with only memory as its core business, it was a gamble born of necessity. The pivotal moment came in 2012 when SK Group Chairman Chey Tae-won acquired Hynix. Defying industry downturns, he invested heavily in R&D and fabrication, sustaining the HBM project through over a decade of commercial uncertainty and internal challenges. A key break occurred around 2016-2017 when Samsung faced production issues supplying HBM2 for Google's TPU, allowing SK Hynix to gain a crucial foothold in the data center market. The AI explosion post-ChatGPT in 2022 was the catalyst, turning HBM into a critical bottleneck for AI accelerators like NVIDIA's GPUs. By 2025, SK Hynix captured 62% of the global HBM market, leaving Samsung at 17%. For the first time, its annual operating profit exceeded Samsung's. Analysts point to the "innovator's dilemma" to explain Samsung's miss: its vast, successful business portfolio made it risk-averse, preventing an all-in bet on the initially niche HBM technology. In contrast, SK Hynix, as a challenger with its back against the wall, had no choice but to commit fully. The story highlights how Korea's chaebol system allows for ultra-long-term bets beyond quarterly pressures. However, SK Hynix's lead isn't guaranteed. Samsung is aggressively catching up on HBM4, and challenges like customer concentration (heavy reliance on NVIDIA) and technical hurdles in advanced packaging remain. The narrative underscores a market truth: the greatest alpha often comes from betting on uncertain, long-term directions others dismiss, much like HBM in 2008.

marsbit52 хв тому

The King of Blind Date Attire in Korea: How SK Hynix Made a Comeback Against Samsung?

marsbit52 хв тому

Торгівля

Спот

Ф'ючерси