Oobit integrates Brazil’s PIX network for USDT payments
The Tether-backed payment app said users can top up in Brazilian real, hold USDT and pay through PIX keys or QR codes, tapping a network with nearly 170 million users.
USDT
Fact Check
Oobit's official X announcement directly confirms the PIX integration enabling BRL deposits, USDT holding, and PIX payments. crypto.news, Crypto Briefing, and CoinMarketCap independently corroborate the integration and the ~170 million user figure cited in the claim. All key claim elements match the primary and secondary sources.
Summary
Oobit has connected its payment app to Brazil central bank’s PIX instant payment network, allowing users to add funds in Brazilian real, convert those balances into USDT and use the stablecoin for everyday payments. The Tether-backed company said transfers can be sent to any PIX Key or completed through QR codes, while blockchain settlement is processed behind the scenes. The tie-in gives Oobit access to one of Brazil’s most widely used payment rails, with PIX reaching nearly 170 million users.
Terms & Concepts
- USDT: A U.S. dollar-pegged stablecoin.
- PIX: Brazil central bank’s instant payment network.
- on-chain settlement: Transaction finalization recorded on a blockchain.