Oobit, the Tether-backed non-custodial crypto payments platform, has officially launched in Guatemala and Paraguay, giving users in both countries the ability to spend and send crypto anywhere Visa is accepted across 150 million+ merchants worldwide, online and in-store. In addition, users in both countries can access Oobit’s AI Agent Cards waitlist.
This milestone marks Oobit’s 10th and 11th countries to join its LATAM expansion, joining other notable markets in the region such as Brazil, Colombia, and Bolivia.
The launch provides users in Guatemala and Paraguay with a practical way to spend crypto for everyday payments while keeping full custody of their assets. Through Oobit’s non-custodial Visa card, users can pay directly from supported wallets, including, Phantom, MetaMask, Binance, and Trust Wallet, while merchants receive settlement in local currency.
This model differentiates Oobit from several crypto payment options currently available in the two markets, which require users to place assets with a custodian or do not offer Visa card acceptance.
Tether’s backing as a strategic investor has also been instrumental in Oobit’s LATAM expansion. The company’s deep knowledge of the region, existing infrastructure investments across Latin America, and commitment to expanding USDT distribution have made the partnership a key driver of Oobit’s growth in these markets.
“Most people in Guatemala and Paraguay already understand why crypto matters. What they've been missing is the ability to actually use it at the corner store, online, anywhere life happens. That's the gap Oobit closes. Average spend per user has grown more than four times in six months at grocery stores, restaurants, and taxis. Not trading desks. Guatemala and Paraguay are next. They won't be last."
Proven Spend Momentum Across LATAM
Oobit’s internal LATAM data shows growing use of crypto for everyday payments. In June, average spend per user reached $1,168, while daily average spend per user rose from approximately $80 in March to approximately $200 in June, with peak days exceeding $480 a more than six-fold increase at peak within three months
Monthly average spend per user increased 97.7% in May alone, with spending activity concentrated in everyday merchant categories, including groceries, restaurants, taxis and ride-hailing, fast food, and convenience stores. A signal of crypto adoption beyond trading and speculation in the LATAM region.
Stablecoins were the dominant mode of transaction, USDT accounted for 47% of all payments on the platform. Brazil remains Oobit’s largest regional market by users, accounting for 61% of the total.
Users in Guatemala and Paraguay will also have access to Oobit’s OOB cashback programme from launch. In the past 30 days, 74% of swaps were from USDT to OOB, with a further 18% from USDC to OOB. Users who swap into OOB before spending can receive up to 10% cashback.
A Growing Market for Stablecoin Payments
The launch comes as crypto adoption accelerates across Guatemala, Paraguay and the wider Latin American region. In Guatemala, remittances account for nearly 20% of GDP, while crypto adoption grew 88% in a single quarter in 2025. The country has more than 2,700 crypto ATMs and introduced its proposed Cryptocurrency Law, Bill 6538, in May 2025, signalling growing regulatory momentum around digital assets.
Paraguay recorded 52% crypto growth in the second quarter of 2025, while a new tax reporting framework introduced in January 2025 points to a more formalised market environment. The country has also already seen organic Oobit activity ahead of the official launch.
Across Latin America, crypto transaction volume reached nearly $1.5 trillion between July 2022 and June 2025. Stablecoins are central to that growth: 61% of crypto users aged 18 to 34 in the region use digital assets for remittances, while USDT accounts for more than half of exchange buying in key Latin American markets.
Oobit’s own platform data reflects the same trend, with USDT accounting for 47% of payments and approximately 60% of deposits.
The Guatemala and Paraguay launches build on Oobit’s recent Latin American expansion, including its May launch in Colombia and the integration of native Pix payment functionality in Brazil. Together with Oobit’s recent LATAM stablecoin report, these developments reflect a clear regional focus: stablecoins are already widely used across Latin America, and Oobit is building the infrastructure to make them spendable in everyday life.
About Oobit:
Oobit is building the financial system for the new economy. Backed by Tether, the platform enables people to pay and operate globally with crypto, directly from the wallets they already use. From everyday payments with crypto cards 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.