- Oobit now lets users send and receive USDT through Brazil’s PIX payment system and local banking channels.
- The integration connects self-custody wallets with bank accounts, simplifying stablecoin payments and transfers.
- Stablecoins accounted for 92% of Oobit transactions in Brazil, with USDT representing most payment volume.
Tether-backed crypto payments app Oobit has connected USDT with Brazil’s PIX payment system, allowing users to move stablecoins through local banking channels. The integration launched in Brazil in February 2026 and gives access to a network used by nearly 170 million people. Oobit said the service links self-custody wallets with bank accounts.
Oobit Connects USDT With Brazil’s Payment System
According to Oobit, users can convert Brazilian reais into USDT and send stablecoins through PIX. They can also transfer funds between self-custody wallets and bank accounts using payment networks including SEPA, ACH, SPEI, and Instapay.
PIX was created by Brazil’s central bank in November 2020. Since then, the instant payment system has registered about 178 million users. It covers roughly 91% of Brazilian adults.
Oobit entered Brazil around October 2025 with more than 50,000 pre-launch users. However, the PIX integration changed the app’s function by adding direct transfers between crypto wallets and Brazilian bank accounts.
During testing in Brazil, stablecoin payments represented 92% of Oobit transactions. USDT accounted for 86% of that transaction volume.
Stablecoin Payments Expand Through PIX
The company’s DePay feature also supports tap-to-pay transactions at more than 150 million Visa merchants worldwide. Users keep control of their assets through self-operated wallets during transactions.
Notably, Oobit’s PIX integration allows users to deposit reais, receive USDT, make payments through PIX keys or QR codes, and send money locally. The blockchain process works behind the scenes while users follow familiar payment steps.
Oobit advisor Alex Obchakevich said around 26 million Brazilians hold crypto, but only about 26% have used digital assets for payments.
Oobit Reports Growth After Brazil Launch
Meanwhile, Oobit said platform activity increased by 202% after its Brazil launch in October 2025. Users spend about $400 monthly on average, with grocery purchases making up around 35% of transactions.
The company raised $25 million in a Series A funding round in 2024. Tether and Solana co-founder Anatoly Yakovenko led the funding round.
Other companies, including Bitget Wallet, Bybit Pay, and KuCoin Pay, have also added PIX support. Additionally, Circle has worked with fintech partners such as Nubank to expand dollar-based digital money options in Latin America.
