Exodo Movement (EXOD), a publicly traded crypto wallet firm, said on Monday that it has acquired Uruguay-based Gratitude, a startup that offers StableCoin-based payments for merchants.
The move aims to expand Exodus’ presence in Latin America and deepen its foothold in commerce, especially among gig workers and small businesses looking for faster, cheaper ways to get paid, Exodus CEO JP Richardson said in a Press Release.
Grateful’s software enables merchants to accept stablecoins through tools such as wallet-to-wallet payments, QR point-of-sale checkout and onchain invoices. The company also offers a dashboard to manage transactions and convert crypto to local currencies. Exodus plans to integrate these features into its self-custom wallet system, which supports major blockchains including Solana and .
Exodus shares rose 5% on Monday amid a broader rebound in digital asset-related stocks like Bitcoin and other cryptos gained over the weekend.
This deal marks another entry in a growing list of Crypto M&A aimed at building payment infrastructures on blockchain networks as stablecoins are increasingly in demand for global transactions. Earlier this year, crypto firm Stripe acquired StableCoin Tech Provider Bridge and Wallet Firm Privy to power it Crypto Payment Stack. In another deal, the XDC Network bought Contour to be a blockchain platform for trade finance based on StableCoin. The amount of StableCoin used for payments can be hit $ 1 trillion annually At the end of the decade driven by institutional adoption and regulatory clarity, Keyrock and Bitso are expected.
“Grateful is a natural complement to our efforts to expand access to digital payments and cryptocurrency in Latin America,” said Richardson. “The gig and creator economy is growing rapidly in emerging markets and enables StableCoin-based payment rails for essential tools such as invoicing, recurring payments and on-chain settlements.”
Aligning with the StableCoin Payment Trend, Exodus earlier this year Unveiled A MasterCard Crypto Debit Card with Baanx to allow customers to pay with USDT and StableCoins.
Read more: StableCoin payments expected to top $1t annually by 2030, says market maker Keyrock
