Exodus, a prominent wallet company, is expanding its business into the payments sector with the launch of Exodus Pay, a new platform designed to enhance payment workflows. As part of this initiative, Exodus introduced XO Cash, a USD-pegged stablecoin aimed at AI agent scenarios. The company emphasized that this move is an expansion rather than a shift from its existing services, aiming to allow users to transact digital dollars without compromising their private keys. In its latest quarterly report, Exodus revealed significant changes to its balance sheet, notably reducing its Bitcoin holdings from 1,704 to 628 coins, equating to a $50 million decrease. This adjustment, alongside a slight reduction in Ethereum holdings, was primarily used to repay loans and fund acquisitions, leaving the company debt-free. Meanwhile, Exodus increased its Solana holdings to 17,541 coins, valued at approximately $1.65 million. The company reported a rise in cash and cash equivalents to nearly $73 million, reflecting its strategic financial adjustments.