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

According to GlobeNewswire, cryptocurrency platform Exodus Movement, Inc. (NYSE American: EXOD) announced today the acquisition of Uruguayan payment facilitator 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, featuring low fees, instant access to funds, and balance yield capabilities. The company offers a complete suite of merchant tools, including a merchant dashboard, wallet-to-wallet payments, and QR code-based point-of-sale functionality.

Exodus plans to seamlessly integrate Grateful's technology into its existing multi-chain wallet, supporting major blockchains such as Polygon, Optimism, Base, Arbitrum, and Solana. Exodus will hold a earnings call today at 8:30 AM Eastern Time, during which it will discuss the acquisition in detail.