New updates have been reported about MoonPay.
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MoonPay is leveraging its title partnership with the new MoonPay X Games League (XGL) to push deeper into stablecoin infrastructure and real-world payments, issuing XO Cash signing bonuses to 40 athletes in the inaugural Summer Draft. Each drafted athlete will receive a $2,500 signing bonus in XO Cash, a fully reserved, USD-backed stablecoin that MoonPay issues and manages on top of M0’s open stablecoin infrastructure, with funds delivered instantly into Exodus self-custodial wallets.
XO Cash is positioned by MoonPay as a core liquidity layer for upcoming payment flows, initially supporting Exodus Pay, a self-custodial payments platform launching in Q2 that will enable instant payments, card spend, rewards, and everyday money tools. Athletes will also receive a MoonPay XGL Exodus-branded payment card linked to their Exodus accounts, giving immediate global access to their crypto-funded bonuses, which reinforces MoonPay’s broader thesis that digital assets can serve everyday transactional use cases. The initiative builds on MoonPay’s earlier move at X Games Aspen, where it matched an athlete’s gold medal winnings in crypto, and forms part of a longer-term strategy to normalize digital-asset compensation in high-visibility sports, increase stablecoin transaction volume, and showcase MoonPay’s regulated on/off-ramp and stablecoin capabilities to enterprises and consumers across its 30 million-strong global user base.