Exodus Movement (NASDAQ: EXOD), a leading self-custodial crypto wallet provider, has announced the acquisition of Grateful, a Uruguay-based startup specializing in stablecoin payment solutions for merchants. The move strengthens Exodus’ push into Latin America and underscores its strategy to make crypto payments faster and more accessible for gig workers, small businesses, and digital creators.
According to Exodus CEO JP Richardson, the acquisition will help the company deepen its footprint in the global commerce sector by integrating Grateful’s stablecoin-based tools into its ecosystem. Grateful’s platform enables wallet-to-wallet payments, QR point-of-sale checkout, and on-chain invoicing, while offering merchants a comprehensive dashboard to manage crypto transactions and convert stablecoins into local currencies.
Exodus plans to merge these capabilities with its existing wallet infrastructure, which supports major blockchains such as Solana (SOL) and Arbitrum (ARB). The company’s shares rose 5% on Monday, tracking a wider recovery in crypto-related stocks as Bitcoin (BTC) surged above $105,000 over the weekend.
This acquisition adds to a growing trend of crypto and fintech mergers aimed at building global payment rails using stablecoins. Earlier this year, Stripe acquired stablecoin technology firm Bridge and wallet provider Privy to bolster its crypto payment stack. Similarly, XDC Network bought Contour to enhance trade finance solutions through blockchain technology.
Stablecoin payments are increasingly becoming mainstream, with analysts from Keyrock and Bitso projecting that annual transaction volumes could exceed $1 trillion by the end of the decade, driven by institutional adoption and regulatory clarity.
Richardson emphasized that Grateful aligns perfectly with Exodus’ mission to drive digital payments innovation in emerging markets, particularly as stablecoin-powered solutions enable features like invoicing, recurring payments, and instant on-chain settlements. Earlier this year, Exodus also launched a Mastercard crypto debit card with Baanx, allowing users to pay directly with USDT and USDC stablecoins.
