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- Exodus and Baanx launched a crypto debit card allowing direct payments with USDC and USDT using the Mastercard network.
- Users can spend stablecoins directly from their wallet without transferring funds to third parties, maintaining full control over assets.
Not only for storing digital assets, now Exodus crypto wallet users can directly shop using stablecoins. In its latest announcement at the BTC Vegas event, Exodus has partnered with Baanx to launch a crypto debit card that supports payments with USDC and USDT via the Mastercard network.
Imagine being able to have coffee at your favorite cafe or do your monthly shopping with just a crypto wallet in your hand—all without the hassle of exchanging to fiat first.
LATEST: 💳 @exodus teams up with @BaanxGroup to launch an on-chain debit card—spend crypto anywhere @Mastercard is accepted. pic.twitter.com/okUSc01ov3
— CryptosRus (@CryptosR_Us) May 27, 2025
Making Crypto Payments Feel Just Like Swiping a Regular Card
This card has entered the trial phase and will soon be released to millions of active Exodus users spread throughout the world. When the card is used, the system will immediately convert USDC or USDT to the local currency.
So, you just swipe as usual at merchants that accept Mastercard. No need to transfer funds to a third party first. Transactions occur directly from the user’s personal wallet, keeping full control over assets in the hands of the owner.
Furthermore, the launch of this debit card seems to confirm Exodus’ position as a wallet provider that not only stores assets, but also paves the way for crypto to be more useful in everyday life.
XO Pay and Growth Numbers Show Exodus Isn’t Slowing Down
Actually, this debit card is not the only strategic move made by Exodus. Not long ago, they also launched XO Pay, a feature that allows users to buy and sell crypto directly from the Exodus application without going through other crypto exchanges.
With Coinme’s support, users can buy assets such as Bitcoin, Ethereum, Dogecoin, Polygon, and others using debit cards or digital wallets such as Apple Pay and Google Pay. Very practical, especially for users who don’t want the hassle of opening an exchange account.
In addition, according to their report on May 12, Exodus recorded 1.6 million monthly active users, and 1.8 million users were recorded as storing funds in their wallets.
The transaction volume during the first quarter of 2025 reached US$2.18 billion from their exchange partners alone. Exodus CEO, JP Richardson, stated that the company will continue to provide relevant solutions amid the rapidly changing crypto market.
Looking back, in April, they announced that they would remove support for Monero (XMR) starting August 10, 2025. The Monero community has reacted strongly, with many disappointed by the loss of support for an asset that has long been known for its privacy features.
Some users have even considered moving to other wallets that still support XMR. Exodus, on the other hand, seems to be choosing to focus on projects that are more integrated with modern payment systems and regulations.
