MoonPay Offers Stablecoin Bonuses to Drafted Athletes in X Games League Push
MoonPay will provide 40 athletes drafted into the new X Games League with $2,500 signing bonuses paid in XO Cash, a stablecoin created by Exodus. Payments will be accessed via Exodus wallets, linked to payment cards for global use through Visa and Mastercard. This stablecoin initiative is part of a broader partnership between MoonPay and X Games, as the event shifts to a league-based format offering athletes guaranteed compensation, instead of earning only through prize money. The approach aims to reduce athletes’ financial risks related to training, travel, and healthcare, and is especially beneficial for international competitors who face challenges with traditional payment services. The partnership also serves as a distribution channel for crypto projects, leveraging the X Games’ audience for broader media exposure. While stablecoin transactions are often publicly visible, Exodus highlights that such transparency is not new and is exploring ways to improve privacy for users.
