Oobit, the Tether-backed global payments platform, has enabled wallet users to send stablecoins directly to bank accounts worldwide with near-instant settlement. The service removes traditional delays and intermediaries, allowing funds to be received without relying on SWIFT processing. For the first time, self-custody crypto assets can settle directly into traditional banking systems within seconds through networks such as SEPA in Europe, ACH in the United States, and SPEI in Mexico. Oobit's integrated payments stack now supports in-store spending, peer-to-peer transfers, and direct bank settlement across multiple regions. The service currently supports USD, EUR, MXN, and PHP, with additional markets set to launch soon. The infrastructure is powered by the Stablecoin API developed by Distributed Technologies Research.
Oobit enables instant stablecoin transfers to bank accounts worldwide
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AI INSIGHT
Oobit, the Tether-backed global payments platform, enables wallet users to send stablecoins directly to bank accounts worldwide with near-instant settlement, bypassing SWIFT processing; supports settlement via SEPA (Europe), ACH (U.S.) and SPEI (Mexico) and currently handles USD, EUR, MXN and PHP; integrated payments stack adds in-store spending, peer-to-peer transfers and direct bank settlement across multiple regions; infrastructure powered by the Stablecoin API from Distributed Technologies Research.
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