According to Oobit, on Tuesday, the Tether-backed payments app integrated native Pix support, enabling Brazilian users to deposit Brazilian reais via Pix and receive USDT seamlessly on the platform. The move targets 170 million Pix users, representing approximately 93% of Brazil's adult population.
The integration followed a $25 million Series A funding round led by Tether, with participation from Solana co-founder Anatoly Yakovenko. Oobit reported 200% user growth in Brazil since launch, with active users spending over $400 monthly and averaging 20 transactions.