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Did you come to the US without a bank account in your prior country?

I'd work on the startup as far as possible but not take payments yet. It would be treated as income, the startup as a business and with immigration pending I wouldn't risk it.

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I do have a bank account in my prior country, but currency exchange rates aren't favorable, because I'll be collecting money in USD, depositing it in my local currency, and then taking another currency exchange hit when I withdraw from an ATM in the US.

Raise your price (or take the hit) and move on. Your biggest problem isn't getting paid, it's getting anyone at all to buy anything from you, which needs (1) for you to make the thing (2) for you to get customers, but doesn't need for you to solve this problem efficiently.

(this is all assuming that you can do this work under your current visa)

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