Exodus to lay off 25% of employees and shift towards stablecoin payments and card infrastructure construction

Exodus will lay off 25% of its global workforce to reduce costs and shift its focus to stablecoin payments and card infrastructure. Exodus plans to build a full stack payment platform after acquiring Monavate and Baanx, which is expected to save $10 million to $13 million in cash operating expenses annually by 2027, with restructuring costs of $3.5 million.