Stablecoin News: Exodus (EXOD) to Expand Crypto Payments in LatAm with Acquisition
Exodus is acquiring Uruguay-based Grateful to integrate stablecoin payment tools and expand its presence in Latin America.Summary
Crypto wallet firm Exodus Movement (EXOD) announced the acquisition of Grateful, a Uruguay-based startup specializing in stablecoin payments for merchants. This strategic move is intended to expand Exodus's footprint in Latin America and enhance its commerce offerings, particularly for gig workers and small businesses seeking efficient payment solutions. Grateful's technology allows merchants to accept stablecoins via wallet-to-wallet transfers, QR codes, and on-chain invoicing, with conversion to local currencies available. Exodus plans to integrate these features into its self-custodial wallet system. CEO JP Richardson highlighted that stablecoin payment rails are crucial for the growing gig economy in emerging markets, enabling invoicing and on-chain settlements. This acquisition aligns with a broader industry trend of crypto M&A focused on building blockchain-based payments infrastructure, as stablecoin payment volume is projected to reach $1 trillion annually by the end of the decade.
(Source：CoinDesk)