Oobit, the global crypto payments app backed by Tether, is now fully available to users in Chile. This launch marks a major milestone in the company’s rapid expansion in Latin America (LATAM), following its debut in Brazil and Argentina. 

Chilean users can now access Oobit’s complete feature suite: spend any major cryptocurrency at 150M+ Visa-accepting merchants worldwide with no conversion needed in advance or a separate crypto card. In addition, users will be able to make global crypto-to-bank transfers through local payment rails and send crypto to any phone number. 

The expansion is underpinned by Oobit’s largest shareholder, Tether, which is also the largest stablecoin issuer globally with over $143 billion in circulation. This backing gives Oobit tier-1 credibility and the financial firepower to expand into high-growth markets like Chile. 

For context, Chile represents one of the most compelling crypto markets in the LATAM region. The country is among six nations that collectively account for 87% of all LATAM crypto activity. Metrics indicate that Chile has recorded over $23 billion in on-chain transaction volume, 3.69 million crypto users, with 93.2% of holders planning to increase their digital asset allocation in 2026. 

Chile’s newly enacted Fintech Law further cements the country’s position as one of the most regulation-ready and strategically compelling markets in the LATAM region.

“Chile represents an important step in our long-term expansion across Latin America,” said Amram Adar, Co-Founder & CEO of Oobit. “The country combines strong fintech adoption, clear regulatory progress, and a growing community of crypto users. With this expansion, we’re expanding access to tools that allow people to move from simply holding digital assets to actually spending them in everyday life.”

What sets Oobit apart is its seamless infrastructure for real-world crypto spending. Unlike crypto payment platforms that require upfront currency conversion or a dedicated crypto card, Oobit’s payment app allows users to pay directly from their existing wallets. This includes non-custodial wallets such as Metamask, Trust Wallet, and Phantom on rails such as Polygon and BNB. 

Oobit also features crypto-to-bank transfers, settling through local payment rails (SEPA, ACH, SPEI), and a 10% cashback on eligible purchases. 

The Chile launch is the latest step in Oobit’s global rollout; the app is already live in Brazil, the United States through a partnership with Bakkt, and recently launched in Argentina. 

About Oobit
Oobit is building the financial system for the stablecoin economy. Backed by Tether, we enable people to pay and operate globally with crypto, directly from the wallets they already use. From everyday payments to real-world spending anywhere Visa is accepted, supported by compliant issuing infrastructure across 80+ countries, turning stablecoins and digital assets into a practical global means of exchange.

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