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Exodus is cutting 25% of its workforce as it restructures to focus on building a full-stack stablecoin payments platform.
The crypto wallet provider is shifting its strategy toward stablecoin payments while reducing its workforce by 25%.
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Nigeriaโs President Bola Tinubu has signed an executive order on virtual assets and launched a council to streamline crypto regulation.
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USDC leads stablecoin payment volume, with total stablecoin transactions exceeding $20 trillion by Q2 2026.
Circle and Tether dominate stablecoin transaction volume, according to Bitwise data from Allium covering Q1 2020 to Q2 2026.
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The Bank for International Settlements (BIS) says dollar-backed stablecoins are largely unaffected by capital controls.
The BIS warns they could weaken monetary sovereignty in emerging markets.
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