Exodus Movement acquires Uruguayan payment company Grateful to strengthen stablecoin payment business

The cryptocurrency platform Exodus Movement, Inc. (NYSE American: EXOD) today announced the acquisition of the Uruguayan payment coordinator Grateful. This acquisition aims to enhance Exodus's merchant service capabilities in Latin America, particularly for stablecoin-based payment solutions.

Grateful specializes in providing digital payment services for small businesses and freelancers, with platform features including low fees, instant access to funds, and balance yield functionality. The company offers a complete suite of merchant tools, including a merchant dashboard, wallet-to-wallet payments, and QR code-based point-of-sale features. Exodus plans to seamlessly integrate Grateful's technology into its existing multi-chain wallet, supporting mainstream blockchains such as Polygon, Optimism, Base, Arbitrum, and Solana. Exodus will hold a earnings call today at 8:30 AM Eastern Time, during which the acquisition will be discussed in detail.