Exodus has announced the acquisition of Grateful, a Uruguay-based payment orchestrator. This strategic operation seeks to boost stablecoin payments in Latin America. It will focus on merchants and independent workers. JP Richardson, CEO and co-founder of Exodus, confirmed the acquisition alongside the company’s $30.3 million quarterly revenue report, stating they have the financial backing for the integration.
Grateful’s technology is a blockchain-native payment stack. It is specifically designed to accept and manage stablecoins. The platform includes a merchant dashboard, wallet-to-wallet payments, and off-ramp capabilities to local currency. It also offers direct integration with e-commerce checkouts and QR code payments at physical points of sale.
This acquisition addresses a critical need in the region. It aims to facilitate faster, lower-cost transactions. It is targeted at micro-enterprises and independent workers in high-inflation markets with high remittance costs. The integration relies heavily on the multichain nature of both products.
Exodus already supports efficient networks like Polygon, Optimism, Base, Arbitrum, and Solana. Therefore, Grateful can route payments through the most efficient network in terms of cost and time. This reduces gas fees and accelerates settlements, providing greater liquidity to the merchant. Furthermore, the proposal maintains self-custody, meaning the user retains direct control of their private keys without intermediaries.
Will this alliance overcome the regulatory challenge in the region?
The success of this expansion will depend on the regulatory environment. The legal framework in Latin America is diverse and will condition the rollout. Exodus has not publicly detailed Grateful’s specific licenses per country. The company acknowledges that its strategy will depend on localized implementations.
They must comply with applicable regulations in each jurisdiction. This includes adapted KYC/AML processes for the region. For product and compliance teams, integrating the off-ramp and on-chain traceability will be key. The challenge is to meet local requirements without sacrificing the user experience.
Exodus anticipates a progressive integration of Grateful’s technology. The company plans to incorporate these tools into its product portfolio and existing wallets. The central goal is to make it easier for merchants to accept stablecoins with less technical friction. The operational timeline and the details of country-specific licenses will be the factors to watch. These elements will measure the real scope of the initiative and its true impact on the ecosystem of stablecoin payments in Latin America.
