What is Oobit and why is its Colombia launch important?

Oobit is a crypto payments platform that lets users spend digital assets directly from their wallets. Its launch in Colombia expands the company’s presence across Latin America, where stablecoin usage for daily payments is growing quickly.

How does Oobit’s crypto payment system work?

Oobit uses a non-custodial system linked to Visa payment infrastructure, allowing users to spend crypto directly from their wallets. Transactions can be used at more than 150 million merchants globally without requiring traditional bank conversion services.

Why is Latin America becoming a major market for crypto payments?

Many consumers in Latin America use stablecoins to protect savings against inflation and currency volatility. Crypto payments are also becoming more popular for everyday spending because they can provide faster and more accessible transactions than traditional banking systems.

What cryptocurrencies are most used on Oobit?

Tether accounted for the largest share of transactions on Oobit’s platform, followed by USD Coin. Stablecoins are widely used because they are tied to the US dollar and tend to have lower volatility than other cryptocurrencies.

How much are Oobit users spending with crypto in Brazil?

Oobit said activity in Brazil increased more than 200% since launching there in November 2024. Active users reportedly spend around $400 per month across roughly 20 transactions.

What are people buying with crypto on Oobit?

The company said grocery stores and supermarkets represented about 35% of spending activity across its Latin American markets. Users also spent crypto at restaurants, gas stations, beauty shops and electronics retailers.

Why are stablecoins becoming popular for everyday payments?

Stablecoins combine blockchain-based transfers with relatively stable pricing linked to fiat currencies like the US dollar. This makes them more practical for daily purchases compared with highly volatile cryptocurrencies such as Bitcoin.

Is this expansion bullish for stablecoin adoption?

The launch supports the broader narrative that stablecoins are increasingly being used for real-world payments rather than only trading. Growing merchant usage and consumer spending activity may strengthen long-term adoption trends.

Image for illustrative purposes only. Not a real photo.

Oobit expands crypto payments into Colombia

Written by Isaac FrancisPublished May. 15 2026

Oobit launched its crypto payments platform in Colombia, expanding the Tether-backed company’s operations across Latin America.

The company said Colombia became its ninth live market following earlier expansion into Brazil, Argentina and Chile as demand for stablecoin-based consumer payments continued rising across the region.

Oobit operates a non-custodial payments platform that allows users to spend cryptocurrencies directly from digital wallets through a Visa-linked payment system accepted at more than 150 million merchants globally.

The company said users do not need to convert digital assets into fiat currencies through traditional bank off-ramp services before making purchases.

Oobit reported that transaction activity in Brazil increased more than 200% since launching there in November 2024, with active users spending an average of roughly $400 per month across 20 transactions.

Tether accounted for the largest share of transactions on the platform ahead of USD Coin, while grocery stores and supermarkets represented approximately 35% of spending activity across Latin American markets.

The expansion comes as stablecoin adoption accelerates across emerging markets, with companies including Mercado Libre also introducing stablecoin-based payment and transfer services across the region.