Oobit

Oobit is a non-custodial crypto payment app that lets users spend stablecoins like USDT directly at any Visa-accepting merchant, without pre-depositing funds into an exchange or custodial wallet. Its core value proposition is "self-custody + direct spending": users retain full control of their assets in their own wallets (e.g., MetaMask, Trust Wallet) while paying via Oobit's Visa card, with transactions routed through local real-time payment rails (SEPA, ACH, SPEI, PIX, InstaPay) for near-instant settlement.

The market pain point Oobit addresses is the friction in converting crypto to fiat for everyday use—traditionally requiring exchange deposits, bank intermediaries, and slow, costly SWIFT transfers. Oobit eliminates these barriers by allowing direct wallet-to-bank or wallet-to-merchant payments, making crypto usable as daily money.

In the past six months (Feb–Aug 2026), Oobit launched its Depay infrastructure layer (Feb 2026), enabling direct stablecoin transfers from self-custody wallets to local bank accounts across Europe, US, Mexico, Brazil, and the Philippines. In April 2026, it introduced AI Agent Cards, allowing autonomous AI agents to make Visa payments using USDT with programmable spending limits and per-transaction reporting. In May 2026, Oobit expanded to Colombia, its ninth market, following strong growth in Brazil where Pix integration drove a 200% surge in active users. No major negative events were reported in this period.