Exodus Cuts 25% Workforce to Pivot to Stablecoin Payments and Card Infrastructure
2026-07-20 21:54

Woofun AI reports that Exodus is reducing its global workforce by 25% to lower costs and redirect focus toward stablecoin payments and card infrastructure. The company describes this restructuring as a strategic move to develop a full-stack payment platform following the acquisitions of Monavate and Baanx. Exodus projects annual cash operating expense savings between $10 million and $13 million by 2027, with immediate restructuring costs totaling $3.5 million.

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Exodus
Monavate
Baanx
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