The crypto wallet Exodus has added the stablecoin Sovryn Dollar to its balance sheet

ChainCatcher news, according to TheBlock, cryptocurrency wallet provider Exodus Movement Inc. has added the Bitcoin-backed stablecoin Sovryn Dollar (DLLR) to its balance sheet. A report shows that the initial allocation of DLLR accounts for about 25% of Exodus's quarterly interest income, but no specific dollar figure was provided.

Exodus co-founder and CEO JP Richardson stated that adding DLLR to the company's finances will help Exodus continue to obtain operating funds without relying on banking services. (Source link)