states<\/a>. Cash, equivalents, and stablecoins rose to $74.4 million from $5.2 million at year-end.<\/p>\nWhat the W3C deal delivers for Exodus<\/h2>\n
Exodus closed its acquisition of Monavate and Baanx on May 1, the two payments subsidiaries of W3C Corp, for a total of $175 million. The deal adds card-issuing and payments infrastructure directly into Exodus\u2019s self-custody wallet stack. Baanx provides crypto debit card infrastructure and Monavate handles card programme management.<\/p>\n
The strategy follows Exodus\u2019s earlier announcement of a fully reserved dollar-backed stablecoin built with MoonPay and M0, which will underpin the Exodus Pay feature inside the app. <\/p>\n
<\/p>\n
XO Cash, a Solana-based stablecoin toolkit built with MoonPay, is already live and lets AI agents spend money through Visa rails without exposing users\u2019 private keys.<\/p>\n
Q1 revenue fell 36.8% to $22.7 million from $36 million a year earlier. Exchange aggregation, the company\u2019s main revenue line, dropped $13.8 million as user trading volumes dried up. <\/p>\n
The net loss widened to $32.1 million from $12.9 million, partly driven by a $36.4 million loss on crypto holdings as bitcoin fell 23% and Solana dropped more than 34% over the quarter.<\/p>\n
What the pivot means for Exodus\u2019s positioning<\/h3>\n
Exodus is the only publicly traded self-custody wallet provider actively building a full payments stack. Monthly active users dipped to 1.5 million from 1.6 million a year earlier, while quarterly funded users fell 22.2% to 1.4 million. EXOD stock has fallen 86% over the past 12 months and was trading near $7.71 at the time of the Q1 filing.<\/p>\n
The company is repositioning itself as a crypto-native payments platform rather than a pure wallet provider. The XO Cash and Exodus Pay suite, combined with the Monavate and Baanx infrastructure, could give Exodus a direct competitor path against traditional fintech stablecoin offerings from firms like MoonPay and PayPal\u2019s PYUSD in the consumer payments market.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Exodus wallet sold 1,076 bitcoin in Q1 2026 to fund its $175 million acquisition of W3C\u2019s payments business. Summary Exodus Movement cut its BTC treasury from 1,704 to 628 coins…<\/p>\n","protected":false},"author":1,"featured_media":10946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28374"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28374\/revisions"}],"predecessor-version":[{"id":28375,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28374\/revisions\/28375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10946"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}