TL;DR
- Exodus has launched a new crypto debit card in collaboration with Baanx, allowing users to spend stablecoins like USDT and USDC directly from their wallet without giving up custody of their funds.
- The card works at all merchants that accept Mastercard and represents a major step toward everyday use of crypto assets.
- A full rollout is expected for Exodus’s over six million users in 2025.
Exodus, widely known for prioritizing self-custody, has taken a decisive leap by integrating a crypto debit card powered by Baanx and accepted worldwide through the Mastercard network. Unlike many competing products, this card does not require users to transfer their funds to an exchange or a centralized custodian.
Transactions are processed directly from the Exodus wallet, reinforcing a core principle of decentralization where users remain in full control of their assets at all times without intermediaries or restrictions.
The card entered its beta testing phase during the BTC Vegas conference and currently supports USDT and USDC, two of the most widely used stablecoins. With this product, users can pay for goods in physical stores, book travel, and shop online without worrying about the price volatility of Bitcoin or Ethereum.
This practical solution turns crypto from a long-term investment into an everyday financial tool. Furthermore, future updates are expected to include rewards, NFT integrations, advanced biometric security, and new privacy-focused features that strengthen the product even further, ensuring a seamless user experience.
Financial Innovation for the Unbanked Population
What makes this even more compelling is the potential impact on the more than 1.7 billion people globally who lack access to traditional banking. According to Exodus CEO JP Richardson, the card can serve as a gateway to financial services without the need to open a bank account. Baanx’s Chief Commercial Officer, Simon Jones, emphasized that all one needs is access to a mobile phone to tap into basic financial infrastructure and global commerce.
Unlike traditional bank cards, this approach transforms the Exodus wallet into a virtual account from which users can save, swap, and now even make tap-to-pay transactions at millions of retail locations. The backing from Baanx, already a seasoned provider of crypto debit solutions for other major players, adds a strong foundation to the offering.
Exodus, which has been publicly listed on the NYSE American since December 2024, joins a fast-growing movement in which self-custody wallets like MetaMask and 1inch are evolving into complete financial platforms. With this new card, the pro-crypto philosophy finally meets real-world utility: decentralization with day-to-day functionality.
