Exodus launches XO Cash stablecoin for keyless AI payments

Exodus launched XO Cash on May 8. The Omaha-based crypto wallet company said the product is a Solana-based stablecoin paired with AgentKit, a software development kit that creates keyless wallets for autonomous AI agents.

AgentKit lets developers create agent wallets with a single API call. Under the setup, end users retain custody of their assets while agents operate inside predefined spending rules such as daily limits, merchant restrictions, transaction caps and rate limits.

Exodus developed XO Cash on the Solana network in partnership with MoonPay. Card infrastructure was built with MoonPay and Monavate. The company said each agent wallet can issue its own debit card that works anywhere Visa is accepted.

The system supports automatic conversion into USDC or USDT at the time of payment so agents can transact across different stablecoin ecosystems without manual conversion.

Exodus described the product’s architecture as separating custody from agent authority and highlighted features intended to limit risk, including transaction caps, merchant whitelists and rate controls to prevent runaway spending.

Exodus cited market estimates that AI agents could intermediate between $3 trillion and $5 trillion in global consumer commerce by 2030 and positioned XO Cash for high-frequency machine-controlled transactions where traditional payment rails can be slow or costly.

The company listed use cases such as subscriptions, data purchases and automated online services that require recurring or on-demand payments without transferring control of user funds.

Firms across the crypto and cloud sectors are building tooling and standards for agent payments and settlement. Exodus noted recent industry activity like integrations for USDC micropayments and projects using the x402 protocol.

“Agents need to spend, and they shouldn’t have to manage keys to do it,” commented Exodus CEO JP Richardson in the announcement.