Why did Oobit integrate Tether (CRYPTO) with Brazil's Pix network?

Oobit integrated Tether (CRYPTO) with Pix to allow users to hold stablecoins while making payments through Brazil's existing instant payment system. The company said users can deposit Brazilian reais, convert to USDT and spend through familiar Pix payment methods.

What does the Oobit and Tether (CRYPTO) integration allow users to do?

Oobit allows users to deposit reais, hold Tether (CRYPTO), send funds to Pix keys, scan QR codes and make instant payments. Blockchain settlement occurs in the background while users interact with the Pix network as they normally would.

How large is the Pix network that now supports Tether (CRYPTO) payments through Oobit?

Pix, which now supports payments linked to Tether (CRYPTO) through Oobit, serves nearly 170 million users in Brazil. The payment network processed approximately BRL11 trillion in transactions during 2024.

How is Brazil regulating stablecoins such as Tether (CRYPTO)?

Brazil is reviewing how stablecoins such as Tether (CRYPTO) fit within its financial system. In May, the central bank restricted the use of virtual assets within regulated eFX cross-border payment channels but did not ban crypto transfers.

How does Oobit's Tether (CRYPTO) integration fit into broader stablecoin adoption in Latin America?

Tether (CRYPTO) is benefiting from growing demand for dollar-pegged assets across Latin America, where Bitso reported stablecoins accounted for 40% of crypto purchases in 2025 compared with 18% for Bitcoin (CRYPTO). Oobit's Pix integration expands access to stablecoin payments in one of the region's largest markets.

Image for illustrative purposes only. Not a real photo.

Oobit connects USDT to Brazil's Pix network

Written by Brie CarterPublished Jun 24, 2026, 6:35 AM

Oobit integrated Brazil's Pix payment network, allowing users to spend Tether's USDT through the country's instant payment system.
The service connects stablecoin balances to a network used by nearly 170 million people and processed BRL11 trillion in 2024.
The launch expands Oobit's presence in Latin America as demand for stablecoin payments continues to grow.

Oobit launched support for Brazil's Pix payment network, enabling users to deposit Brazilian reais, hold Tether (CRYPTO:USDT) and make payments through the country's instant payment infrastructure.

The integration connects stablecoin balances to Pix, a payment system created by Banco Central do Brasil in 2020 that serves nearly 170 million users and processed BRL11 trillion in transactions during 2024.

“Send USDT to any PIX key, scan a QR, top up instantly,” said Oobit Advisor Alex Obchakevich.

Oobit said users can transfer funds using Pix keys, QR codes and instant top-ups while blockchain settlement occurs behind the scenes, creating a payment experience similar to traditional banking applications.

The rollout comes as Brazilian regulators review the role of cryptocurrencies and stablecoins in the financial system, while Oobit did not disclose transaction volume expectations following the announcement.

The company raised US$25 million in a Series A funding round in 2024 led by Tether, with participation from CMCC Global's Titan Fund, 468 Capital and Solana (CRYPTO:SOL) co-founder Anatoly Yakovenko.

The launch follows growing stablecoin adoption across Latin America, where Bitso reported stablecoins accounted for 40% of cryptocurrency purchases in 2025 compared with 18% for Bitcoin (CRYPTO:BTC), while competitors including Nubank and Circle continue expanding stablecoin payment initiatives in the region.

At the time of reporting, Solana price was $69.88.

Oobit connects USDT to Brazil's Pix network

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