Singapore / January 27th / Oobit, the Tether-backed mobile crypto payments app, has announced support for Tether’s newly launched USD-backed stablecoin USA₮, a Genius Act-compliant asset that’s specifically designed for the U.S. market. The announcement is a major milestone for Tether as it bids to transform American commerce with more efficient, stablecoin-based payments. 

Oobit, which launched in the U.S. market earlier this month, is collaborating closely with Tether to integrate USA₮ as a supported asset for seamless crypto payments. The partnership will enable U.S. users to transact securely and efficiently with any physical or online retailer that supports Visa credit and debit card payments.  

USA₮ was unveiled by Tether in November as the first stablecoin token designed to comply with the federal regulations of the U.S. Genius Act. The asset is issued by Tether America, a joint venture between Tether and Anchorage Digital, a leading U.S.-regulated crypto bank and digital payments provider. 

Tether CEO Paolo Ardoino has said there is a massive opportunity to accelerate the adoption of stablecoin payments in the U.S. and grow his company’s presence in the world’s largest economy. The company already has a strong foothold in the U.S., with millions of Americans using its USDT stablecoin. With USA₮, Ardoino believes Tether is positioned to take market share from incumbents such as PayPal and Stripe and become one of the country’s biggest payment providers.

Oobit will play a critical role in facilitating Tether’s expansion into the U.S., transforming the company’s ambition into day-to-day utility. Through its payments app, Oobit enables users to transfer USA₮ instantly over a peer-to-peer network to anyone with a crypto wallet, and spend it at more than 100 million retailers globally that accept Visa card payments.

Amram Adar, CEO of Oobit: "The Digital Dollar is only real when you can buy something with it. Tether delivered the regulatory foundation with USA₮. We deliver the moment of use. This is the final piece that turns stablecoins into everyday money in the United States."

There are zero integration requirements for American merchants. Thanks to Tether’s partnership with Anchorage Digital, users simply send USA₮ from the Oobit app and the funds are immediately converted into fiat and transferred into the retailer’s U.S. bank account. With more than 14 million merchant businesses in the U.S. already accepting Visa, Oobit’s USA₮ payments can be accepted by millions of existing POS terminals.

U.S. Expansion Fuels Growing Momentum

Oobit’s momentum is accelerating fast as it strives to bridge crypto and traditional payments and expand the real-world utility of digital assets. The integration of USA₮ comes just weeks after its official launch in the U.S. in partnership with the publicly-traded digital asset firm Bakkt. Oobit is leveraging Bakkt’s regulated U.S. infrastructure to achieve fully compliant coverage across all 50 states, reducing regulatory friction for payments partners and enterprises. 

Tether is one of the main drivers of Oobit’s U.S. expansion, with USDT stablecoins also supported as a primary settlement asset for crypto-to-fiat payments. 

U.S.-based users can link third-party wallets such as MetaMask and Trust Wallet to the Oobit app and seamlessly spend crypto without surrendering custody of their funds, leveraging the stability and liquidity of Tether’s stablecoin ecosystem to ensure instant settlement. 

About Oobit

Oobit is a mobile payment app that lets people pay in-store, online, or on the go anywhere Visa is accepted. Users spend stablecoins or crypto directly from their wallets. Merchants receive fiat instantly. Oobit removes the complexity of blockchain payments and bridges self-custody wallets to real-world spending.

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