---
title: "XO Cash (XO) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/xo-exodus/"
description: "Build-time stablecoin profile for XO Cash (XO). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# XO Cash (XO)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

MoonPay mints, M0 wraps, Exodus distributes — a Treasury-backed Solana token whose yield accrues to issuers and whose authorities live on a single MoonPay key.

When a self-custody wallet best known for letting users hold their own keys decides to mint its own dollar, the result is XO Cash: a MoonPay-issued, M0-wrapped {{term:treasury}}Treasury{{/term}} claim wearing an Exodus hoodie. The reserves sit in MoonPay's regulated SPVs under institutional {{term:custody}}custody{{/term}} and the M0 yield quietly accrues to the issuers, not the holders, which is the polite way of saying XO is a payment rail with a stablecoin garnish. Token-2022 ships with pausable, transfer-hook, and permanent-delegate authorities all held by a single MoonPay key, so the 'self-custody' marketing applies to your wallet but not to your tokens. Initial proof of product-market fit was paying X Games athletes $2,500 signing bonuses, which is either a charming retail use case or a launch metric in search of a thesis. Backed by short-dated Treasuries, geofenced where it has to be, and aimed squarely at the Exodus Pay card audience that has never asked what an SPV is.

## Collateral

Fully reserved 1:1 by U.S. dollar deposits and short-term U.S. Treasury bills held for the benefit of token holders via M0 Protocol's bankruptcy-remote SPV structure; reserves issued and managed by MoonPay under U.S. Money Transmitter Licenses; native M0 yield is retained by MoonPay/Exodus rather than passed through to XO holders

## Peg Mechanism

1:1 fiat-backed mint and redemption operated by MoonPay via M0 Protocol infrastructure on Solana; collateral cryptographically attested on-chain by independent M0 Validators before minting; consumer access is gated through the Exodus self-custodial wallet and Exodus Pay app, with on/off ramps via MoonPay's payment rails (cards, Apple/Google Pay, PayPal); the Solana SPL Token-2022 mint includes pausable, permanent-delegate, and transfer-hook controls held by MoonPay

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United States | FinCEN / NYDFS / state money transmitter regulators | MoonPay Money Transmitter Licenses (49 states), New York BitLicense, New York Trust Charter |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| solana | `xoUSDq85Rjsb6SbUwJyreFgeWQvxdkT7R3c3g7s6p5Y` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/xo-exodus.