Tether-backed payments startup Oobit expands into US

Tether-backed mobile payments application Oobit is expanding into the United States on Monday through a partnership with Bakkt. The tap-to-pay solution integrates with non-custodial wallets like Base and Trust Wallet, allowing users to make purchases from mobile devices, with merchants receiving instant fiat payouts via Visa rails. Oobit claims this launch is its most significant global expansion, offering Americans real crypto payments from their existing wallets. Bakkt will provide the regulated foundation, including necessary licenses and compliance infrastructure across all 50 U.S. states. This U.S. move follows Oobit's previous expansion efforts in the EU under MiCA guidelines and comes as Tether is establishing a U.S. presence following the passage of the GENIUS Act.

(Source：The Block)