Oobit launches in Colombia as Tether-backed crypto payments app reaches ninth market
newsroom.oobit •
Revision history
3 recorded changes
Want your article here?
Promote with Leviathan NewsOobit officially launched in Colombia, making it the Tether-backed payments app’s ninth live market after expanding across Brazil, Argentina and Chile. The Colombia bet is aimed at a market already deep in dollar-stablecoin flows: Oobit cites Chainalysis data showing the Colombian peso ranks second globally by share of CEX stablecoin purchases. Its LATAM usage data is the real hook: Brazil activity is up 202% since November 2024, active users spend about $400 a month across 20 transactions, USDT leads payment volume, and groceries/supermarkets make up 35% of regional spend.
TLDR by @Benthic
More on Crypto
Researcher argues crypto is entering its final “disbelief event,” with persistent skepticism masking accelerating institutional adoption, regulatory clarity, and mainstream financial integration
𝕏/@strato_money ·
Crypto sell-off data suggests traders rotated capital within digital assets rather than exiting to cash, challenging claims that SpaceX IPO demand is draining Bitcoin liquidity
Coindesk ·
Cross River commits up to $250M to buy Figure crypto-backed loan assets in forward-flow deal
Crossriver ·
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Crypto trading bot misfires and sends 167 eth to random wallet as operators seek return and offer reward, but funds remain unmoved
etherscan.io ·
Crypto Council for Innovation launches the Vault Coalition with support from Galaxy, Morpho and a16z to push for clearer U.S. rules governing yield-generating crypto vaults
The Block ·
Researcher argues crypto is entering its final “disbelief event,” with persistent skepticism masking accelerating institutional adoption, regulatory clarity, and mainstream financial integration
𝕏/@strato_money ·
Crypto sell-off data suggests traders rotated capital within digital assets rather than exiting to cash, challenging claims that SpaceX IPO demand is draining Bitcoin liquidity
Coindesk ·
Cross River commits up to $250M to buy Figure crypto-backed loan assets in forward-flow deal
Crossriver ·
A new Arrakis study explores where crypto prices are actually formed, comparing centralized and decentralized perpetual markets through cross-venue lead-lag analysis
𝕏/@ArrakisFinance ·
Crypto trading bot misfires and sends 167 eth to random wallet as operators seek return and offer reward, but funds remain unmoved
etherscan.io ·
Crypto Council for Innovation launches the Vault Coalition with support from Galaxy, Morpho and a16z to push for clearer U.S. rules governing yield-generating crypto vaults
The Block ·