Exodus Movement, a popular cryptocurrency wallet provider, has partnered with Baanx to launch a new crypto debit card that enables users to spend stablecoins like USDT and USDC anywhere Mastercard is accepted.
This product allows users to retain full custody of their crypto assets, as card transactions draw directly from the Exodus wallet without requiring funds to be held by a third party. The debit card was unveiled in beta at BTC Vegas and is planned for a full rollout to over six million Exodus users during 2025.
The card transforms stablecoins into a practical everyday payment tool by converting them instantly at point of sale into local fiat currencies via the Mastercard network. This approach simplifies crypto spending by eliminating the need for manual conversion or transfer to fiat accounts before purchases.
The emphasis on stablecoins is strategic, as their relative price stability minimizes risks common with volatile assets like Bitcoin or Ethereum during transactions.
The partnership leverages Exodus’ extensive user base and wallet infrastructure alongside Baanx’s expertise in crypto-friendly financial services and card issuance, combining to create scalable, compliant access to traditional payment rails.
Benefits highlighted include increased usability of crypto holdings, global acceptance, simplified transactions, and maintenance of self-custody security. Users are advised to be mindful of potential fees, tax implications, and evolving regulatory environments related to crypto card usage.
Overall, this launch represents a significant milestone in making cryptocurrency a more accessible and functional medium for daily commerce, bridging digital assets with mainstream financial infrastructure.