MoonPay, Title Partner of the newly formed MoonPay X Games League (XGL), and Exodus Movement, Inc.announced that athletes selected in the X Games inaugural Summer Draft will receive signing bonuses paid in XO Cash ($XO), Exodus' new USD-backed stablecoin.

40 drafted athletes will each receive $2,500 in XO Cash ($XO) instantly deposited into their Exodus Wallets, in one of the earliest instances of professional athletes being awarded signing bonuses in stablecoins.

XO Cash is a fully reserved, USD-backed stablecoin issued and managed by MoonPay and built on M0's open stablecoin infrastructure. The stablecoin will also serve as a liquidity layer for Exodus Pay, a self-custodial payments platform set to launch in Q2 which will allow users the ability to make instant payments, spend with a card, earn rewards, and access everyday money tools.

In addition to their signing bonuses, athletes will receive a custom MoonPay XGL Exodus Card connected directly to their Exodus accounts, giving them immediate access to their funds to spend anywhere in the world.

"We're giving athletes greater flexibility in how they receive and manage their money," said JP Richardson, CEO and Co-Founder of Exodus. "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."

The MoonPay X Games League is a new chapter for action sports, transforming the X Games from standalone competitions into a global, co-ed, team-based league featuring athlete salaries, benefits, and season-long competition. The Summer Draft introduces structured compensation and expanded financial opportunities as part of that evolution.

"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," said Ivan Soto-Wright, CEO and Founder of MoonPay. "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."