Cryptocurrency wallet provider Exodus has added the Bitcoin-backed stablecoin Sovryn Dollar (DLLR) to its balance sheet.

On June 26th, BlockBeats reported that Exodus Movement Inc., a cryptocurrency wallet provider established in 2015 with approximately 4 million users, has added the Bitcoin-supported stablecoin Sovryn Dollar (DLLR) to its balance sheet. The initial allocation comprises approximately 25% of Exodus' quarterly interest income. Sovryn Dollar is issued by the Mynt protocol and supported by Bitcoin. According to the Sovryn website, the Mynt protocol aggregates multiple Bitcoin-supported stablecoins to issue a stablecoin that is super-supported by Bitcoin, allowing users to exchange DLLR for an equal value of Bitcoin at any time.