Crypto Wallet Firm Exodus Lays Off 25% of Staff, Pivots to Stablecoin Payment Infrastructure
07/20 14:06
Crypto wallet company Exodus Movement has announced it will cut approximately 25% of its global workforce to reduce operating costs and accelerate its transition into stablecoin payments and payment card infrastructure. In a filing with regulators, Exodus stated that the restructuring is part of its strategy to build a "full-stack payment platform," aiming to integrate payment capabilities to offer users a comprehensive solution encompassing crypto assets, stablecoin payments, and financial services.
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