MoonPay X Games League Introduces Crypto Signing Bonuses for Summer Draft Athletes

The MoonPay X Games League's inaugural Summer Draft has introduced a new approach to athlete compensation by awarding signing bonuses in the form of Exodus' new USD-backed stablecoin, XO Cash. This move is part of a larger effort to modernize athlete compensation using digital assets.

The 40 drafted athletes will each receive $2,500 in XO Cash instantly deposited into their Exodus Wallets, marking one of the earliest instances of professional athletes being awarded signing bonuses in stablecoins. The initiative highlights the growing convergence of digital assets and athlete compensation.