Exodus Acquires Grateful to Boost Stablecoin Payments
Exodus Movement has agreed to acquire Uruguay-based Grateful, integrating its stablecoin payments platform into Exodus’ self-custodial wallet. Grateful’s tools enable merchants, gig workers and small businesses in Latin America to accept stablecoin payments via wallet-to-wallet transfers, QR-code checkouts and on-chain invoicing. The platform also offers instant fund availability, local currency conversion and a merchant dashboard for transaction monitoring.
Exodus will deploy these features across multiple chains – including Polygon (MATIC), Optimism (OP), Arbitrum (ARB) and Solana (SOL) – reducing transaction costs and enhancing its multi-chain capabilities. This move strengthens Exodus’ merchant payment suite and accelerates stablecoin adoption in emerging markets. Following similar initiatives by Stripe and XDC Network, the news drove EXOD shares up 5%, reflecting bullish trader sentiment and signaling potential long-term growth in digital payments infrastructure.
Bullish
Short-term, the acquisition is bullish for EXOD as it broadens its service offering and drove a 5% share price rise on announcement. Traders may respond positively to improved merchant payment infrastructure and lower transaction costs across major chains, boosting trading volume and transaction fees. Long-term, integrating stablecoin payments into Exodus’ self-custodial wallet supports growth in emerging markets, potentially expanding user base and revenue. Multi-chain deployment and yield features on stablecoin balances can attract more merchants and individual users. Overall, the strategic acquisition enhances Exodus’ competitive position in the crypto payments sector, signaling sustained bullish momentum for the token.