Exodus Movement Acquires Grateful to Enhance Stablecoin Payments in Latin America
- Exodus Movement (EXOD) is acquiring Uruguay-based Grateful, a startup focused on stablecoin-based payments for merchants.
- The acquisition aims to expand Exodus’ presence in Latin America and support gig workers and small businesses.
- Grateful’s software enables merchants to accept stablecoins via wallet-to-wallet payments, QR checkouts, and on-chain invoicing.
- Exodus shares rose by 5% following the announcement amid a broader market rebound, with Bitcoin trading at $106,175.57.
- Stablecoin payment volumes could reach $1 trillion annually by the end of the decade due to increasing institutional adoption.
This acquisition reflects Exodus’ strategy to enhance digital payment access in emerging markets through stablecoin solutions, which are gaining traction among small businesses and gig economy workers.
With this deal, Exodus aims to integrate Grateful’s features into its wallet system, aligning with the projected growth of stablecoin transactions reaching $1 trillion annually by the decade’s end.
