The digital payments landscape in the United States is undergoing a significant transformation with the arrival of USA₮, the new stablecoin launched by Tether and now spendable anywhere Visa is accepted via the Oobit app.
This innovation marks a fundamental step towards the mass adoption of cryptocurrencies as an everyday payment tool, offering American users a stable, secure and federally compliant solution.
Oobit: the key to everyday spending in stablecoin
Oobit, the mobile app backed by Tether, has announced the integration of USA₮ as a spendable asset, allowing users to use the stablecoin for purchases both online and in physical stores that accept Visa card payments. This partnership represents an important milestone for Tether, which aims to revolutionise American commerce by making payments more efficient and reliable thanks to stablecoins.
Officially launched in the United States earlier this month, Oobit works closely with Tether to ensure a seamless payment experience. Users can instantly transfer USA₮ via a peer-to-peer network to anyone with a crypto wallet and spend it at over 100 million merchants worldwide that accept Visa.
USA₮: the stablecoin compliant with US regulations
Unveiled by Tether last November, USA₮ is the first stablecoin designed to comply with the federal regulations of the US Genius Act. The asset is issued by Tether America, a joint venture between Tether and Anchorage Digital, one of the leading regulated crypto banks in the United States. This regulatory compliance is a key element for large-scale adoption, offering users and merchants the security of operating within a regulated framework.
According to Paolo Ardoino, CEO of Tether, there is a great opportunity to accelerate the adoption of stablecoin payments in the United States and strengthen Tether’s presence in the world’s largest market. With millions of Americans already using USDT, Ardoino sees USA₮ as an opportunity to gain market share from giants such as PayPal and Stripe, aiming to become one of the country’s leading payment providers.
Barrier-free payments for merchants and users
One of the strengths of the integration between Oobit and USA₮ is the absence of integration requirements for American merchants. Thanks to the collaboration with Anchorage Digital, users can send USA₮ via the Oobit app and the funds are immediately converted into fiat currency, credited directly to the merchant’s bank account. This process eliminates any technical complexity for businesses, which can accept stablecoin payments without modifying their POS systems.
With over 14 million businesses in the United States already enabled for Visa payments, the Oobit solution allows millions of existing POS terminals to accept USA₮ payments without any infrastructure changes.
Oobit’s growth and expansion in the United States
Oobit’s expansion into the US market is proceeding at a rapid pace, with the aim of bridging the gap between traditional and crypto payments and expanding the real utility of digital assets. The integration of USA₮ comes just weeks after the official launch in the United States, in collaboration with Bakkt, a publicly traded company specialising in digital assets. Thanks to Bakkt’s regulated infrastructure, Oobit can offer compliant coverage in all 50 US states, reducing regulatory barriers for partners and businesses.
Tether is one of the main drivers of this expansion, also supporting USDT as a settlement asset for crypto-to-fiat payments. US users can connect third-party wallets such as MetaMask and Trust Wallet to the Oobit app, spending crypto without giving up custody of their funds and taking advantage of the stability and liquidity offered by the Tether stablecoin ecosystem.
The user experience: simplicity and security
Oobit stands out as a cutting-edge mobile payment app, available on both iOS and Android, that enables simple and intuitive in-store crypto payments. Thanks to the Tap & Pay feature, the user experience is comparable to that of Apple Pay, leveraging existing Visa POS terminals. While users pay in crypto, merchants receive fiat currency, ensuring a frictionless and familiar transaction process for businesses.
Amram Adar, CEO of Oobit, emphasises the importance of this innovation: ‘The Digital Dollar is only real when you can buy something with it. Tether has provided the regulatory foundation with USA₮. We provide the moment of use. This is the final piece that transforms stablecoins into everyday money in the United States.’
The future of digital payments in the United States
The integration of USA₮ into the Oobit app represents a turning point for the digital payments industry in the United States. The ability to spend a stablecoin that complies with federal regulations, without technical barriers for merchants and with the security of instant conversion to fiat currency, paves the way for a new era of cryptocurrency adoption in everyday life.
With the support of Tether and collaboration with regulated partners such as Anchorage Digital and Bakkt, Oobit is positioning itself as a leader in the evolution of digital payments, offering American users an innovative, secure and compliant solution for using stablecoins as real digital money.
Oobit and Tether are thus leading the transformation of payments in the United States, making cryptocurrencies accessible and usable by millions of people and businesses, and laying the foundation for a future in which digital money will be an integral part of everyday American life.