Exodus Cuts 25% of Staff via Organizational Restructuring

Exodus, a cryptocurrency wallet provider, is restructuring its operations and cutting 25% of its workforce. According to a recent report by Coin Telegraph, this reduction is part of a strategy to strengthen stablecoin payment infrastructure and develop a card issuance and payment platform. Exodus stated it is adjusting its cost structure and organizational priorities to align with the full-stack card platform development strategy. The announcement comes after Exodus acquired Monabeat and Bankss, moves that position it to reduce reliance on external vendors for stablecoin payment services.