Exodus joins stablecoin race with MoonPay-backed digital dollar

The public crypto wallet firm joins Circle and PayPal in issuing stablecoins. What to know : Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app. The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges. With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.