Sovryn Dollar (DLLR), a #stablecoin backed by #Bitcoin, has been added to #Exodus Movement Inc.'s balance sheet.

Exodus stated in a statement shared with The Block that the initial allocation in DLLR accounts for about 25% of its quarterly interest income. The company did not provide a specific amount.

JP Richardson, co-founder and CEO of Exodus, claims that the inclusion of #DLLR to its corporate treasury will enable Exodus to access operational cash continually without relying on banking services.