Oobit, a Singapore-based crypto payments app backed by Tether, has launched real-time wallet-to-bank transfers through Brazil’s PIX instant payment system. The integration lets users send USDT and other stablecoins from self-custody wallets directly into Brazilian bank accounts, settled in Brazilian Reais.
PIX, created by Brazil’s central bank in November 2020, has become one of the most widely adopted digital payment networks on the planet. It now reaches approximately 178 million registered users, covering roughly 91% of Brazilian adults.
From beta to bank accounts
Oobit first entered Brazil around October 2025, arriving with more than 50,000 pre-launch users already signed up. The PIX integration rolled out in late February 2026, turning the app from a crypto spending tool into a fiat off-ramp with near-zero friction.
During Oobit’s testing phase in Brazil, 92% of all transactions processed were stablecoin spending. USDT alone accounted for 86% of that volume.
