EXOD Exodus Cuts 25% of Workforce to Pivot Into Stablecoins
The layoff is large but the strategic read is bigger: a publicly listed crypto wallet is rewriting itself as a full-stack payments company on the back of Monavate and Baanx.
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The layoff is large but the strategic read is bigger: a publicly listed crypto wallet is rewriting itself as a full-stack payments company on the back of Monavate and Baanx.
The 63% bitcoin cut is the headline, but the real signal is the dollar pivot: $70M parked in US reserves for a payments deal while revenue slid 36.8% and net loss nearly tripled.