Oobit is a cryptocurrency payments platform that connects self-custody wallets to everyday commerce, allowing users to spend stablecoins at merchants that accept Visa, a network the company cites at more than 150 million locations worldwide. The platform's native asset, the OOB token, is supported alongside more than 20 other cryptocurrencies, including USDT, USDC, BTC, ETH, BNB, SOL, and TON. The company is backed by Tether and states that it operates regulated issuing in more than 58 countries, holds a Virtual Asset Service Provider (VASP) license in Lithuania, complies with the EU's Markets in Crypto-Assets framework (MiCA), and maintains Money Transmitter Licenses across all 50 US states through a partnership with Bakkt.
The technical core of the platform is DePay, a settlement layer that enables wallet-native payments without pre-funding or the transfer of funds into custody. When a purchase is made, the user receives a single signing request, settlement takes place on-chain, and the merchant is paid in local currency through Visa's rails. On the consumer side, the Tap & Pay feature is modeled on contactless card payments: users tap in-store or complete an online checkout, and the stablecoins in their own wallets serve as the funding source. Gas abstraction is applied at the platform layer, so network fees do not appear as a separate charge to the user. Before a transaction is authorized, the app displays the conversion rate, the network fee, and the merchant payout amount.
OOB is the native token of the Oobit ecosystem and circulates within the app alongside stablecoins and major cryptocurrencies. In practice, stablecoins such as USDT and USDC function as the primary spending medium because their value is pegged to fiat currency, which allows merchants to receive predictable local-currency payouts. The platform supports more than 20 assets in total and converts the spent asset into local currency at the point of sale.
Oobit Send Crypto extends the platform beyond card payments, enabling transfers from crypto wallets directly into local bank accounts. Settlement runs through regional payment rails including SEPA (EU), ACH (US), PIX (Brazil), SPEI (Mexico), Faster Payments (UK), INSTAPAY (Philippines), BI FAST (Indonesia), IMPS/NEFT (India), and NIP (Nigeria), with recipients paid in local currency across more than 180 countries, often within seconds according to the company. In Brazil, the platform participates directly in Pix: users can pay any Pix key, scan a QR code, or paste a copy-and-paste code, entering the amount in reais, while deposits generate a Pix code payable from any Brazilian bank that credits the Oobit balance in USDT. The platform launched in Brazil in October 2025 and reports 202% growth since, with average monthly user spending of about $400 and groceries representing roughly 35% of transactions. Company data indicates that around 26 million Brazilians own digital assets, while only about 26% have ever used them for payment.
Oobit Business adapts the same infrastructure for companies, providing corporate Visa cards accepted in more than 200 countries, vendor and payroll payments through local banking rails, and movement of funds between crypto and bank accounts from a single stablecoin treasury. A related product, Agent Cards, offers programmable Visa cards for AI agents funded from a company's USDT treasury, with finance teams able to set spending limits, merchant categories, and hard caps that the platform enforces server-side while logging approvals and declines in real time. The consumer app is distributed on iOS and Android; the Brazilian iOS listing is available at https://apps.apple.com/br/app/oobit-pay-with-crypto-card/id1598882898, with the Android release on Google Play.