Tether-backed crypto payments app Oobit has launched crypto-to-bank transfers, enabling users to send digital assets from self-custody wallets directly into bank accounts via local payment networks.
The feature supports rails including SEPA in Europe, ACH in the United States and SPEI in Mexico, with settlement available in US dollars, euros, Mexican pesos and Philippine pesos.
Supported assets include Bitcoin, Ether, stablecoins such as USDT and USDC, and tokens including XRP, BNB, Solana, Cardano and Dogecoin, with users shown the crypto outflow and fiat amount received before confirming the transfer.
Oobit said the system routes transactions through domestic payment rails rather than traditional correspondent banking channels and embeds the transfer process natively within its app instead of redirecting users to third-party off-ramp providers.
“The end-user relationship, wallet custody and transaction experience remain entirely within Oobit,”
Said co-founder and chief executive, Amram Adar, outlining the firm’s wallet-centric model.
The infrastructure is powered by Distributed Technologies Research, which has agreed to be acquired by US-listed digital asset platform Bakkt, with DTR handling payout execution and foreign exchange conversion before funds reach the recipient bank account.
Oobit applies the greater of a $1 fixed fee or 1% per transaction plus an estimated 0.5% crypto-to-USD spread, while DTR charges additional fixed or percentage-based fees, as competition intensifies among crypto and fintech firms integrating stablecoins and digital assets into regulated banking systems.