Exodus Movement, Inc. and MoonPay X Games League announced that 40 athletes selected in the league’s inaugural Summer Draft will receive $2,500 each in XO Cash, the company’s USD‑backed stablecoin. The bonuses are credited instantly to the athletes’ Exodus wallets, marking the first time professional athletes are compensated in a crypto‑stablecoin.
Each athlete also receives a custom MoonPay XGL Exodus Card that links directly to their Exodus account, giving them immediate, worldwide spending power. The partnership is the first stable‑coin‑based compensation program for a major sports league, positioning Exodus as a pioneer in integrating digital assets into mainstream sports payments.
The deal is a key element of Exodus’s broader strategy to diversify beyond its core exchange‑aggregation business. By offering stable‑coin payouts and card issuance, the company aims to build recurring payment‑driven revenue, reduce reliance on speculative trading, and attract new wallet users. The partnership also dovetails with the upcoming launch of Exodus Pay in Q2 and the company’s acquisition of W3C’s payment rails, all of which are intended to create a comprehensive payments ecosystem.
Exodus’s Q4 2025 results showed a 34% decline in revenue to $29.5 million and a net loss of $53.2 million, a sharp reversal from a $67.0 million profit in Q4 2024. Full‑year 2025 revenue hit a record $121.6 million but the company posted a $11.4 million loss, reflecting softer market conditions and lower user engagement. Despite these headwinds, Exodus maintains a gross profit margin near 90% and is debt‑free, positioning it to invest in its payments strategy.
"We're giving athletes greater flexibility in how they receive and manage their money. Athletes have global careers and they need payments that work across borders just like they do. By awarding signing bonuses in a form athletes can receive instantly and hold in their own wallets, we're creating a modern approach to compensation built for speed and ownership from day one," said JP Richardson, CEO and Co‑Founder of Exodus. "We partnered with the X Games because they're doing to sports what crypto is doing to finance: challenging legacy systems and building something entirely new. The future of money is crypto. It's only natural that one of the most forward‑thinking leagues in the world is embracing digital assets as part of how athletes are rewarded," added Ivan Soto‑Wright, CEO and Founder of MoonPay. These statements underscore the partnership’s role in advancing Exodus’s payments vision and its potential to drive long‑term growth.
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