Exodus Movement Acquires Grateful to Enhance Stablecoin Payments in Latin America
The acquisition integrates Grateful’s stablecoin payment tools into Exodus Movement’s self-custody wallet, aligning with rising global stablecoin transaction volumes projected to reach $1 trillion annually by 2030.
In an official statement, Exodus Movement announced the acquisition of Uruguay-based Grateful, a startup providing stablecoin-based payment solutions for merchants, gig workers, and small businesses in Latin America. Grateful’s software supports wallet-to-wallet payments, QR point-of-sale checkout, and onchain invoicing, with conversion to local currencies via a merchant dashboard. Exodus will integrate these features into its self-custodial wallet, which supports major blockchains such as Solana and Arbitrum. The move comes amid surging demand for stablecoin payment infrastructure, with global transaction volumes projected to hit $1 trillion annually by 2030.
- Stablecoin: A cryptocurrency pegged to a stable asset, such as the U.S. dollar, to minimize price volatility.
- Self-custodial wallet: A cryptocurrency wallet where users retain sole control of their private keys and funds without relying on third parties.