Oobit Integrates USDT on Brazil's PIX, Enabling 170 Million Users to Swap BRL for Stablecoin

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According to The Block, Oobit, a Tether-backed tap-to-pay app, on Tuesday integrated USDT into Brazil's PIX payment network, allowing approximately 170 million users to deposit their local currency (BRL) and swap for USDT while continuing to spend via PIX. Users can send USDT to any PIX key or scan a QR code to top up instantly, with blockchain transactions occurring transparently in the background. Oobit previously secured $25 million in Series A funding led by Tether and Solana co-founder Anatoly Yakovenko in 2024.
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