# Exodus Movement strategic pivot to payments > Live situation record from CLSTR: https://clstr.news/situations/exodus-movement-strategic-pivot-to-payments > Updated: 2026-08-10T20:10:00.000Z. Sources: 2. Developments: 2. Exodus Movement is undergoing a strategic transformation from a self-custodial cryptocurrency wallet provider into a payments and financial services platform. In July 2026, the company announced it would lay off approximately 25% of its global workforce, totaling about 77 positions. This restructuring is intended to facilitate the integration of its $175 million acquisition of W3C Corp, which includes Monavate Holdings and Baanx assets. The move aims to establish a full-stack stablecoin payment and card platform capable of enabling crypto spending via Visa, Mastercard, and Discover. The company expects these changes to generate between $10 million and $13 million in annual cost savings by 2027. By August 2026, financial reports indicated that Exodus Movement recorded $26.2 million in second-quarter revenue alongside a net loss of $18.6 million. The loss was attributed to restructuring costs, technology integration, and acquisition-related expenses. During this period, Monavate processed approximately $900 million in gross transaction volume. The company plans to retire the Baanx brand, integrating its technology into Monavate, which will serve as the firm’s payments business. ## Timeline ### 2026-08-10: Exodus Movement reports Q2 2026 revenue and strategic pivot Exodus Movement reported Q2 2026 revenue of $26.2 million and a net loss of $18.6 million as it integrates Monavate and Baanx to transition into a diversified financial services and payments platform. 2 sources. https://clstr.news/cluster/exodus-movement-reports-q2-2026-revenue-and-strategic-pivot ### 2026-07-20: Exodus cuts 25% of staff to focus on stablecoin payments platform Exodus Movement is cutting about 25% of its workforce, aiming for $10‑$13 million annual savings and a pivot toward stablecoin payment and card issuance services after recent acquisitions. 3 sources. https://clstr.news/cluster/exodus-cuts-25-of-staff-to-focus-on-stablecoin-payments-platform --- Cite as: Exodus Movement strategic pivot to payments. CLSTR, https://clstr.news/situations/exodus-movement-strategic-pivot-to-payments